Transition from Trade in Goods in accordance with External Trade Statistics to Goods in accordance with Balance of Payments Manual 6 (BPM6)
This table shows the transition from Trade in Goods according to the External Trade Statistics to Goods in accordance with the IMF’s Sixth Balance of Payments Manual (BPM6). Both statistics define imports and exports differently: Exports and imports of goods in the External Trade Statistics are measured as these goods cross the country border physically, whereas BPM6 considers the economic transfer of ownership as the decisive matter. Another difference is that External Trade Statistics take CIF values while the Balance of Payments statistics consider FOB values. Due to these and other differences in definitions, several adaptations have to be made to correctly display imports and exports of goods according to the BPM6 definition.
OeNB, Statistik Austria.
Balance of payments, capital account, international Investment Position, Exports, Imports, Foreign Trade.
National law: Article 44 Nationalbank Act, Exchange Control Act 2004; International law: Regulation (EU) No. 555/2012 of 22 June 2012 on Community statistics concerning balance of payments, international trade in services and foreign direct investment, ECB’s Guideline of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2011/23), Balance of Payments Manual (Sixth Edition), European System of national Accounts (ESA 2010), SDDS and Articles of Agreements of the IMF.
Depending on the type of transactions, data are compiled at quarterly or monthly intervals. Direct reporting system covering economic units that exceed the applicable reporting thresholds (concentration survey).
Banks, companies, individuals, public entities.
SITC, rev. 3., IMF Balance of Payments Manual 6.
Goods, Foreign Trade, exports, imports.