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International trade in goods - trade by invoicing currency (TIC) (ext_tic)

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National Reference Metadata in Single Integrated Metadata Structure (SIMS)

Compiling agency: Institute of Statistics (INSTAT)

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International trade in goods statistics (ITGS) published by INSTAT measure the value and quantity of goods traded between Albania. ‘Goods’ means all movable property including electricity. ‘European’ means that the statistics are compiled on the basis of the concepts and definitions set out in INSTAT and EU legislation.

Trade by invoicing currency (TIC) data are part of the information available for extra-EU trade. The invoicing currency is the currency in which the commercial invoice is drawn up. Data by invoicing currency can be used for instance to explore the use of the euro in the EU’s international trade, to compare it with the role of the United States dollar (USD) or to analyse the role of the euro in the euro area and in the EU. These statistics are very useful to central banks, including the European Central Bank, for comparing the euro with other major international currencies. These data are also used by financial market segments or foreign investors.

Statistical data elements:

  • reporting country;
  • partner area;
  • Flow;
  • product;
  • invoicing currency;
  • reference year;
  • indicator

Metadata:

  • frequency;
  • observation status;
  • confidentiality status;
  • decimals;
  • unit multiplier;
  • unit of mesaure;
  • embargo time

31 May 2025

Reporting country – Except for some specific goods like vessels and aircraft, ITGS follow the physical movements of the goods. A country should record an import when goods enter its statistical territory and an export when goods leave that territory except if those goods are in simple transit.

Partner country – At detailed level, this is the last known country of destination for exports and the country of origin for imports. However individual partner countries are not kept in the dissemination of data by invoicing currency. They are replaced by the partner area  ‘extra-EU’.

Product – Goods are primarily classified by commodity code as set out in the EU Combined Nomenclature. TIC data are compiled on the basis of a correspondence table enabling the transposition of detailed data collected according to the Combined Nomenclature into the Standard International Trade Classification (SITC).

 

TIC data transmitted to Eusrostat, period 2017-2019 

Product groups

  • total trade: code ‘_T’;
  • Raw materials without oil (SITC sections 0-4, excluding division 33);
  • Oil (SITC division 33);
  • Manufactured products (SITC sections 5-8).

 

Currency The invoicing currency is the currency in which the commercial invoice is drawn up. Its definition is provided by the customs legislation. Only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat:

  • euro;
  • national currencies of EU Member States not belonging to the euro area;
  • US dollar;
  • ‘other’ (i.e. aggregated group of currencies of all non-EU countries except the United States).

 

TIC data transmitted to Eusrostat, period 2020 

Product groups

  • total trade: code ‘_T’;
  • Raw materials without oil (SITC sections 0-4, excluding division 33);
  • Oil (SITC division 33);
  • Manufactured products (SITC sections 5-8).

 

Currency The invoicing currency is the currency in which the commercial invoice is drawn up. Its definition is provided by the customs legislation. Only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat:

  • euro;
  • national currencies of EU Member States not belonging to the euro area;
  • US dollar;
  • ‘other’ (i.e. aggregated group of currencies of all non-EU countries except the United States); 
  • unknown'.

Note on ‘unknown’ currency: Trade for which the currency is unknown should be distributed over the individual currencies or groups of currencies proportionally to their relative share except if it is known that such a distribution would skew the data in a too significant extent. In such a case, the code UNK ‘Unknown’ could exceptionally be used. 

 

TIC data transmitted to Eusrostat, period 2021-2022

Product codes

  • total trade: code ‘_T’; 
  • food and live animals: code ‘SITC0’;
  • beverages and tobacco: code ‘SITC1’;
  • crude materials, inedible, except fuels: code ‘SITC2’;
  • mineral fuels, lubricants and related materials: code ‘SITC3’;
  • animal and vegetable oils, fats and waxes: code ‘SITC4’;
  • chemicals and related products, n.e.s.: code ‘SITC5’;
  • manufactured goods classified chiefly by material: code ‘SITC6’;
  • machinery and transport equipment: code ‘SITC7’;
  • miscellaneous manufactured articles: code ‘SITC8’;
  • commodities and transactions not classified elsewhere in the SITC: code ‘SITC9’; 
  • oil according to SITC division 33: code ‘SITC33’.

  Currency – The invoicing currency is the currency in which the commercial invoice is drawn up. Its definition is provided by the customs legislation. Only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat:

  • euro;
  • UK pound;
  • national currencies of non- euro area;
  • US dollar;
  • brazilian real
  • Canadian dollar,
  • Swiss franc
  • Chinese yuan renminbi
  • Indian rupee
  • Japanese yen
  • South Korean won
  • Mexican peso
  • Norwegiankrone
  • Russian ruble
  • Singapore dollar
  • Turkish Lira
  • Albanian lek
  • unknown currency
  • Not specified.

 

TIC data transmitted to Eusrostat, period 2023-2024

Product codes

  • total trade: code ‘_T’; 
  • food and live animals: code ‘SITC0’;
  • beverages and tobacco: code ‘SITC1’;
  • crude materials, inedible, except fuels: code ‘SITC2’;
  • mineral fuels, lubricants and related materials: code ‘SITC3’;
  • animal and vegetable oils, fats and waxes: code ‘SITC4’;
  • chemicals and related products, n.e.s.: code ‘SITC5’;
  • manufactured goods classified chiefly by material: code ‘SITC6’;
  • machinery and transport equipment: code ‘SITC7’;
  • miscellaneous manufactured articles: code ‘SITC8’;
  • commodities and transactions not classified elsewhere in the SITC: code ‘SITC9’; 
  • oil according to SITC division 33: code ‘SITC33’.

  Currency – The invoicing currency is the currency in which the commercial invoice is drawn up. Its definition is provided by the customs legislation. Only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat:

 

  • other not specified currencies
  • unknown currency
  • euro;
  • UK pound sterling;
  • US dollar;
  • national currencies of non- euro area member states;
  • brazilian real;
  • Canadian dollar;
  • Swiss franc;
  • Chinese yuan renminbi;
  • Indian rupee;
  • Japanese yen;
  • South Korean won;
  • Mexican peso;
  • Norwegiankrone;
  • Russian ruble;
  • Singapore dollar;
  • Turkish Lira;
  • Albanian lek;

The statistical unit is any natural and legal person lodging a customs declaration in the reporting country on the condition that the customs procedure is of statistical relevance.

The statistical population comprise all the legal or natural persons who lodged a customs declaration with the Custom offices.

External trade statistics in goods cover trade flows entering or living the statistical territory of Albania (country level).

Theoretically, the reference period for the information on international trade in goods transactions should be the calendar month of export or import of the goods. However, in practice the reference period is generally the calendar month during which the customs declaration is accepted by the Sustom offices.

The reference years for which TIC data are disseminated result from the aggregation of monthly figures from January to December.

Accuracy of TIC data depends mainly on the accuracy of customs declarations.

For data transmission to Eurostat – Trade values (in national currency units) by invoicing currency. The value of traded goods is calculated at the national frontier, on a FOB (free on board) basis 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.

At national level:

Not applicable

 

At European level:

The share of each invoicing currency in the imports and exports of the reporting country is calculated on the basis of the transmitted trade values. Additionally, Eurostat derives TIC data for the EU and the euro area as reporting entities by aggregating the trade values reported by the Member States.

TIC data are derived from the information collected via customs declarations which includes invoicing currencies.

TIC data are not diseeminated in national level, are only pulished and disseminated by Eurostat according to dissemination policy. 

See 14.1.1 and 14.1.2

The comparability is ensured by the implementation of the concepts and definitions set up by the EU legislation and by the application of the complementary guidelines provided by the 

European business statistics compilers' manual for international trade in goods statistics – detailed data – 2025 edition - Manuals and guidelines - Eurostat

There were no changes, so the data are comparable in the entire series from 2017 to 2024.