International Trade Statistics New developments Ronald Jansen Chief of the Trade Statistics Branch United Nations Statistics Division / DESA E-mail: Jansen1@un.org International standards 2008 SNA 2008 IRIS Balance of Payments Manual, 6th Edition Current Account Goods – Residency and Change of Ownership Services – Residency Classifications ISIC, Rev.4 CPC 2.0 International standards - Trade International Merchandise Trade Statistics, Concepts and Definitions 2010 (IMTS 2010) Movement of Goods across Borders Main data source – Customs declarations Manual on Statistics of International Trade in Services, 2010 (MSITS2010) BOP services components FATS Modes of Supply Balance of Payments Manual, 6th Edition Current Account Goods – Residency and Change of Ownership Services – Residency Classifications HS-2012 CPC 2.0 EBOPS Compilation Guidance - Trade International Merchandise Trade Statistics, Compilers Manual Compilers Guide for MSITS2010 Expert Group on Compilation of SITS Time schedule – June 1013 BPM6 Compilation Guide Expert Group on IMTS Customs and Non-customs data sources Country practices BOPCOM committee First drafts have appeared on IMF website Classifications Revision of BEC New classification for Business Functions (Outsourcing) Revised recommendations - Trade IMTS 2010 – new data elements Imports FOB added – useful for reconciliation exercises Partner country of consignment – useful for reconciliation studies Mode of Transport Customs procedure Direct imports / exports Inward / Outward processing Free zone trade Global Production Data Dissemination - Trade UN Comtrade – Upgrade New data elements added Anticipation of further dimensions - industry Addition of Monthly data Publications More analytical Integrating Trade in Goods and Services Monthly trends Revised recommendations - Trade MSITS 2010 – changes Revised EBOPS classification Requesting partner breakdown by service category Requesting partner breakdown by FDI Requesting partner breakdown by FATS Measuring Modes of Supply Mode 4 Data Dissemination - Trade UN ServiceTrade – Upgrade Collection of more detailed data Further improved Data processing More metadata Publications Integrating Trade in Goods and Services New developments Fragmentation of production process Trade data do no longer reflect valueadded of exporting country What does did mean for Trade imbalances? “Made in the World initiative” - WTO Rise of Global Value Chains and Trade in Value Added Bo MENG (IDE-JETRO) Regional Seminar on International Trade Statistics (UNSD & NBS) 24-26 Oct. 2011 Beijing. (C) IDE-JETRO All rights reserved. 10 Simple concept of GVCs Planning of product R&D/Design/Testing production Procurement of parts & components Assembly Final products Marketing/sale/export Customer service/user support (C) IDE-JETRO All rights reserved. 11 Simple concept of GVCs Planning of product R&D/Design/Testing production Procurement of parts & components Assembly Final products Marketing/sale/export Customer service/user support (C) IDE-JETRO All rights reserved. 12 Fragmentation production Made in USA ↓ Made in the World (C) IDE-JETRO All rights reserved. 13 Contribution of trade in intermediate goods Contribution rate Unit: Billion US $ 14,000 Total trade in goods Before 2002 vs after 2002 Intermediate goods 12,000 Household consumption 10,000 Intermediate goods: Capital investment 2009 2008 2007 2006 2005 2004 16%→20% 2003 0 2002 Capital goods: 2001 2,000 2000 34%→19% 1999 4,000 1998 Household consumption: 1997 6,000 1996 38%→54% 1995 8,000 Source: calculated by Bo MENG and Norihiko YAMANO, 2011 (using OECD data, preliminary) (C) IDE-JETRO All rights reserved. 14 Main data sources used in measuring GVCs • Firm based data(Apple, Toyota) Micro level, but lack of global viewpoint • Bilateral trade data(import and export) Global, but no inter-industry information • National input-output data Inter-industry, but lack of global aspect • International input-output data Inter-country, inter-industry, but time lag (almost 5 years) (C) IDE-JETRO All rights reserved. 15 Vertical specialisation Country 1 Country 2 Intermediate goods Domestic intermediate goods Intermediate and final goods Capital services Domestic capital and labour Domestic sales Country 3 Exports of intermediate goods Exports of final goods VS share = induced intermediate imports / total exports (=Hummels, et al. (2001) ‘s “Import contents of export”) Source: WTO-IDE-JETRO (2011) (C) IDE-JETRO All rights reserved. 17 (C) IDE-JETRO All rights reserved. 18 Global Forum on Trade Statistics Measuring Global Trade - Do we have the right numbers? organized jointly by UNSD and Eurostat in collaboration with WTO and UNCTAD 2-4 February 2011, Geneva, Switzerland 1. 2. 3. 4. 5. 6. Measuring Global Trade New Recommendations IMTS / SITS Data Sources Global Production and Outsourcing Linking Trade and Business Statistics Trade in Value-Added 19 Global Production Statistics Denmark International Sourcing study Core business function: Production of final goods or services intended for the market/for third parties carried out by the enterprise and yielding income. Support business function: Support business functions (ancillary activities) are carried out in order to permit or facilitate production of goods or services intended for the market/for third parties by the enterprise. Distribution and logistics Marketing, sales and after sales services ICT services Administrative and management functions Engineering and related technical services Research & Development Other support functions Linking Trade and Business Statistics Italy Netherlands New Zealand 21 The link between the list of trade operators and the Business Register is the GATEWAY to any new and successful developments in trade statistics Trade flows micro-data List of Trade operators Business surveys Business Istat Register 20%* Administrative and fiscal data Special surveys on Globalisation: MNEs and international sourcing FIRST TYPE OF OUTPUT SECOND TYPE OF OUTPUT THIRD TYPE OF OUTPUT “new figures” based on the count of trade operators, for instance by products and markets “new figures” on the business characteristics of exporting and importing enterprises “new figures” and analysis based on the full integration between Trade and Business Statistics Integrating economical, functional and social statistics 1:M Enterprise Statistics of Finances of Enterprises 1:N Firm Job Business Register Job register International Trade Fiscal Data Fiscal Data Ownership (UCI) ConGO 1:P Structural Business Surveys and short term indicators Investments R&D Person Population register Surveys Persons and Households What’s in the LBD? Longitudinal Business Database Administrative data • Goods and services tax data • Financial accounts (IR10) • Company tax returns (IR4) • Linked Employer Employee Database Longitudinal Business Frame Contains longitudinally linked data for most enterprises operating in NZ. Includes information on: • employment • location • industry Survey data • Annual Enterprise Survey • Business Operations Survey • Manufacturing and Energy Use Survey • Business Finance Survey • Overseas merchandise trade • ownership relationship • Research and Development Survey • Government assistance data Allows individual business to be tracked over time. • International Trade in Services and Royalties 24 Trade in Value-added USITC WTO OECD 25 Global Forum Website 27 Regional Seminar on International Trade Statistics Beijing, China, October 2011 29 Thank you Ronald Jansen Trade Statistics Branch United Nations Statistics Division Email: comtrade@un.org Website: unstats.un.org/unsd/trade