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National reference metadata

Belgium

Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.

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International trade in goods - trade by enterprise characteristics (TEC) (ext_tec)

National Reference Metadata in Single Integrated Metadata Structure (SIMS)

Compiling agency: National Bank of Belgium

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The main objective of the trade in goods statistics by enterprise characteristics (TEC) is to bridge two major statistical domains which have traditionally been compiled and used separately, business statistics and international trade in goods statistics (ITGS). Specifically, this new domain was created to answer questions such as:

  • What kind of businesses are behind the trade flows of goods?
  • What is the contribution of a particular activity sector to trade?
  • What is the share of small and medium-sized enterprises to total trade?
  • What is the share of enterprises that trade with a certain partner country and the amount of trade value they account for?

For this purpose, the trade in goods between countries is broken down by economic activity, size-class of enterprises, trade concentration, geographical diversification and products traded. The new information is used to carry out more sophisticated kinds of analysis, e.g. to evaluate the role of European companies in the context of globalisation or to assess the impact of international trade in goods on employment, production and value added, essential in a globalised world where economies are increasingly interconnected.

 

Available datasets

TEC data are grouped into ten datasets, each one focusing on a specific aspect:

  1. Trade by activity sector and enterprise size class — Trade by activity sector and employment size class shows the contributions of economic activities and size classes (measured in terms of number of employees until 2021 and in term of number of employees and self-employed from 2022 reference year) to total trade. This allows the impact of international trade on employment to be analysed and the importance of small and medium-size enterprises (SMEs) to be estimated;
  2. Concentration of trade by activity — International trade being typically dominated by a few businesses, this indicator shows the share of the total trade accounted for by the top 5, 10, 20, etc. companies;
  3. Trade by partner country and activity — Trade by partner country shows how many companies were trading with certain partner countries or country zones, and the value they accounted for. This indicator enables the most typical export or import markets to be identified;
  4. Trade by number of partner countries and activity — Trade by number of partner countries shows how geographically diversified the export markets are. For imports, it shows the number of countries from which goods are imported;
  5. Trade by commodity and activity — Trade by commodity and activity sector allocates the trade of each commodity to the activity of the trading enterprise. This indicator shows which sectors were involved in the trading of each product group;
  6. Trade by type of trader — This indicator provides information on how traders are involved in international trade. It shows the number of companies trading within only one flow or in both flows and the trade value these companies account for;
  7. Trade by type of ownership — The type of ownership is referring to the concept of control and to affiliation of an enterprise. It indicates whether an enterprise is domestically or foreign controlled and, if domestically controlled, whether it has affiliates abroad or not. This indicator can be used to analyse the impact of globalisation on international trade and to estimate the importance of multinational companies for trade;
  8. Trade by export intensity — Export intensity categorises enterprises according to the importance of foreign markets in their sales. It refers to the share of exports in total turnover;
  9. Trade by activity sector — In comparison with trade by activity and enterprise size class (first dataset), this indicator provides more details on the activity sector (2- or 3-digit level) but does not contain information about the enterprise size;
  10. Trade by partner country and size class This indicator aims to give insights into the internationalisation of small- and medium sized enterprises. It complements indicator 3 on trade by partner country and activity by applying the same detailed breakdown of partner countries but categorising enterprises by size class instead of activity sector.

 

TEC data disseminated at national level

In addition to the 10 datasets described above, a dataset including the reference population is also available. 

31 August 2024

Trade value

The value of traded goods is calculated at the national frontier, on a FOB basis (free on board) for exports and a CIF (cost, insurance, freight) basis for imports. Hence, only incidental expenses (freight, insurance) are included and they are incurred for:

  • exports in the part of the journey located on the territory of the country where the goods are exported from;
  • imports in the part of the journey located outside the territory of the country where the goods are imported to.

 

Number of enterprises

The number of enterprises consists of a count of the number of enterprises involved in trade during at least a part of the reference period. For intra-EU trade, VAT data are used to estimate the number of traders and trade value of the smallest traders which are exempted from Intrastat reporting. These traders account for a limited share of the trade value – at most 3 % of the total value of the intra-EU exports and 7 % of the total value of the intra-EU imports – but in terms of number of enterprises they consist of the majority.

 

Partner country

Trade flows are broken down by partner country.

  • For exports it is the country of destination of the goods. That is the last country to which it is known that, at the time of export, the goods are to be delivered;
  • For imports, the definition of the partner country differs between Intrastat and Extrastat. For extra-EU imports it is the country of origin of the goods; for intra-EU imports it is the country (EU Member State) of consignment of goods.

 

Product

The product is the outcome of economic activity and the generic term used for goods and services.

Product classifications are designed to categorise goods and services that have common characteristics. They provide the basis for preparing statistics on the production, consumption, international trade and distributive trade. However, the scope of TEC is limited to the trade in goods.

 

Economic activity

The economic activity consists in offering goods and services on a given market. An activity is characterised by an input of products, a production process and an output of products. In other words, an economic activity is said to take place when resources such as equipment, labour, manufacturing techniques, information networks or products are combined, leading to the creation of specific goods or services.

Classifications of economic activities are designed to categorise data that can be related to the unit of activity. They provide the basis for preparing statistics of output, the various inputs to the production process, capital formation and the financial transactions of such units. Economic activities are classified according to NACE, the classification used to classify economic entities (enterprises, local units and similar statistical units). Within the international trade statistics, the NACE classification refers to the economic activity of traders, i.e. enterprises that are active in international trade.

 

Number of employees and self employed persons

The number of employees refers to the number of those persons who work for an employer and who have a contract of employment and receive compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind. A worker is considered to be a wage or salary earner of a particular unit if he receives a wage or salary from the unit regardless of where the work is done (in or outside the production unit).

A self-employed person is the sole or joint owner of the unincorporated enterprise (one that has not been incorporated i.e. formed into a legal corporation) in which he/she works, unless they are also in paid employment which is their main activity (in that case, they are considered to be employees). Self-employed people also include:

  • unpaid family workers;
  • outworkers (who work outside the usual workplace, such as at home);
  • workers engaged in production done entirely for their own final use or own capital formation, either individually or collectively.

Until reference year 2021 only the number of employees was used to determine enterprise size classes.

The number of employees is a mandatory variable to be recorded in the business registers for each enterprise and local unit. According to the Business Register Regulation, the intention is to use the situation at the end of the year. However, as the end date approach is not harmonised the annual average can also be used as reference.

 

 Type of traders

In the context of the TEC data, the type of trader specifies the type of trade activity of the enterprise. It indicates whether the enterprise is involved only in exports or only imports or trade in both flows.

The type of trader aims to describe the heterogeneity of enterprises according to their involvement in trade.

 

Type of ownership

In the context of the TEC data, the type of ownership refers to the concept of control and to the affiliation of an enterprise. It indicates whether an enterprise is domestically or foreign controlled and if it is domestically controlled, whether it has affiliates abroad or not. In other words, the type of ownership refers to the delineation of enterprise groups and categorising them. In this context, the concept of control prevails as referred in article 3 (4) of the Business Register Regulation (EC) No 177/2008. This Regulation applies the European System of Accounts (ESA) definition for the control as set out in point 2.26 of Annex A to Regulation (EC) no 2223/96. The concept of control prevails also in the FATS Regulation and is defined as follows: "‘control’ shall mean the ability to determine the general policy of an enterprise by choosing appropriate directors, if necessary. In this context, enterprise A is deemed to be controlled by an institutional unit B when B controls, whether directly or indirectly, more than half of the shareholders’ voting power or more than half of the shares". This definition is consistent with the ESA definition. 

The type of ownership aims to describe the heterogeneity of enterprises according to their global status. A distinction of enterprises into domestically and foreign controlled enterprises has specific interest because of the important role of foreign affiliates. Furthermore, if domestically controlled enterprises with own affiliates abroad are further distinguished from all domestically controlled enterprises, the population all of multinational enterprises can be identified.

 

Exports intensity

The exports intensity refers to the share of exports of turnover (ratio between exports and turnover).

Exports intensity categorises enterprises according to the importance of foreign markets in their sales. The recent developments in the area of global value chains have raised a question on the heterogeneity of enterprises. It has been traditionally assumed that enterprises in the same activity sector are homogenous in terms of their productivity as well as in generating value-added and employment. However, this may not be a valid assumption any more in the globalised economy as productivity, value-added and employment may depend on the international orientation of enterprises, i.e. their involvement and position in the global value chains. Enterprises with high exports intensity are often also large-scale importers.

The statistical unit is the enterprise.

The reference population comprises all traders involved in intra- and/or extra-EU flows. 

The statistical population used in the compilation of TEC datasets relates to traders who have reported trade transactions (customs, VAT or intrastat) under a valid ID number and were successfully matched with the Business Register. This means that the enterprise characteristics reported in the TEC datasets refer only to a part of total trade. Are out of scope:

  • Trade carried out by non-resident traders as such traders cannot be associated to an enterprise via the national Business Register; and
  • Trade carried out by private individuals.

Belgium.

The reference period for compilation of TEC data is annual.

See item 13.1 ‘Accuracy - overall’ of the related metadata ‘ext_tec_sims - International trade in goods – trade by enterprise characteristics (TEC)’.

TEC data disseminated by Eurostat

  • Trade value in thousands of euros;
  • Number of enterprises.

 

TEC data disseminated at national level

Number of enterprises in units / Statistical values in millions of euro.

The operations performed to compile TEC is mainly to link the business register with the trade in goods database. A specific operation is done to allocate by characteristics the estimated part of intra EU trade (based on VAT).

International trade in goods statistics by enterprise characteristics are derived from two data sources: the monthly detailed trade in goods data and data taken from the business registers.

Trade in goods data are collected on the basis of:

  • a census for the intra-EU trade, the census units being the traders whose annual trade value is above the national Intrastat exemption threshold and who are then liable to submit an Intrastat declaration; and
  • administrative forms, the customs declarations, for the extra-EU trade.

Missing data (exempted intra-EU traders, missing Intrastat declarations) are estimated  in order to disseminate trade in goods data covering 100% of the trade.

The national business registers serve as the sources for the enterprise characteristics. No samples are drawn from the registers, but the full registers are processed.

 

Statistics by enterprise characteristics are updated once a year with a new reference year. Historical data are exceptionally revised.

See item 14.1 ‘Timeliness’ of the related metadata ‘ext_tec_sims - International trade in goods – trade by enterprise characteristics (TEC)’.

See item 15.1 ‘Comparability - geographical’ of the related metadata ‘ext_tec_sims - International trade in goods – trade by enterprise characteristics (TEC)’.

Break in 2021 for trade with partner UK due to Brexit. 

Comparable for period 2018-2022.

Since 2021 data, there is a large increase in pharmaceuticals products as a result of trade in COVID vaccins.