World Tables Variables

FOREIGN TRADE (CUSTOMS BASIS)

Value of exports, f.o.bJimports, c.i.f.

With some exceptions, covers international movements of goods only across customs borders. Exports are valued f.o.b. (free on board), imports c.i.f. (cost, insurance, and freight), unless otherwise specified.

Nonfuel primary products

Comprises commodities in SITC revision 1, Sections 0, 1, 2, 4, and Division 68 (food and live animals, beverages and tobacco, inedible crude materials, oils, fats, waxes, and nonferrous metals).

Fuels

Comprises commodities in SITC revision 1, Section 3 (mineral fuels and lubricants and related materials).

Manufactures

Comprises commodities in SITC revision 1, Sections 5 through 9 (chemicals and related products, basic manufactures, machinery and transport equipment, other manufactured articles and goods not elsewhere classified) excluding Division 68 (nonferrous metals).

Terms of trade

The relative level of export prices compared with import prices, calculated as the ratio of a country's index of average export price to the average import price index.

Export price, f.o.b./import price, c.i.f.

Price index measuring changes in the aggregate price level of a country's merchandise exports and imports over time.