Direction of Trade Statistics, September 2017

This paper discusses the coverage of Direction of Trade Statistics (DOTS) is augmented by using trade statistics available from other international organizations. Monthly data for all European Union member countries are sourced from the COMEXT database maintained by EUROSTAT. Annual data reported to the United Nations COMTRADE database are incorporated in DOTS for countries that do not report to the IMF. Furthermore, the availability of partner data makes it possible to calculate estimates of countries for which data are not obtainable from other sources. Estimation occurs if a reporting country does not report trade with its partners for a specific period. Data are estimated for all partners. In the absence of some or all of the monthly DOTS, quarterly or annual reported DOTS are used. Because imports are valued on a cost, insurance, and freight (CIF) basis and exports on a free on board (FOB) basis, the data are adjusted for the cost of freight and insurance.

This paper discusses the coverage of Direction of Trade Statistics (DOTS) is augmented by using trade statistics available from other international organizations. Monthly data for all European Union member countries are sourced from the COMEXT database maintained by EUROSTAT. Annual data reported to the United Nations COMTRADE database are incorporated in DOTS for countries that do not report to the IMF. Furthermore, the availability of partner data makes it possible to calculate estimates of countries for which data are not obtainable from other sources. Estimation occurs if a reporting country does not report trade with its partners for a specific period. Data are estimated for all partners. In the absence of some or all of the monthly DOTS, quarterly or annual reported DOTS are used. Because imports are valued on a cost, insurance, and freight (CIF) basis and exports on a free on board (FOB) basis, the data are adjusted for the cost of freight and insurance.

This paper outlines data that are estimated for all partners. In the absence of some or all of the monthly Direction of Trade Statistics (DOTS), quarterly or annual reported DOTS is used. Annual reported data to the UN COMTRADE database are treated as reported to the IMF. When only annual or quarterly data are available, the monthly trade between country A and B is distributed over the relevant months using the following information (in order of priority): the monthly value of the partner trade reported by country B; the monthly total value of imports and exports reported in the IMF’s International Financial Statistics (IFS) by country A; or the monthly value of trade that all other partner countries have reported with country A for the specific month. The monthly distribution is done through a time-series procedure that reproduces at the best the month-to-month changes of the information available at the monthly level and, simultaneously, produces estimates that are consistent with quarterly or annual data reported by countries. Estimates are computed for months, and then quarterly and annual totals are obtained by summation.

This paper discusses those countries that have never reported data by trade partners to the IMF or to the United Nations COMTRADE, estimates are obtained by using directly the corresponding bilateral flow reported by counterpart countries. For example, if country B has never reported trade statistics with a geographical breakdown, but country A has reported imports from country B, then A’s data for imports are used to estimate B’s exports. Because imports are valued on a cost, insurance, and freight (CIF) basis and exports on a free on board (FOB) basis, the data are adjusted for the cost of freight and insurance. A CIF/FOB factor of 1.06 is currently used. Reported imports CIF are divided by 1.06 (i.e., the CIF/FOB factor) to give partner country estimates of exports FOB. Similarly, reported exports FOB are multiplied by 1.06 to give partner country imports CIF.

Direction of Trade Statistics, September 2018.

This August 2015 issue of Direction of Trade Statistics (DOTS) Quarterly provide, for about 160 countries, tables with current data (or estimates) on the value of imports from and exports to their most important trading partners. The quarterly issues, yearbook, and CD-ROM of the DOTS present, for most member countries of the IMF, current figures on the value of merchandise exports and imports disaggregated according to their most important trading partners. Estimation occurs if a reporting country does not report trade with its partners for a specific period. Data are estimated for all partners and not for some of the partners. In the absence of some or all the monthly DOTS, quarterly or annual reported DOTS are used. When information is not reported and is inadequate to support the estimation techniques, the data are extrapolated using a matrix of trade among broad country groups.