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

National Reference Metadata in Single Integrated Metadata Structure (SIMS)

Compiling agency: Croatian Bureau of Statistics


Eurostat metadata
Reference metadata
1. Contact
2. Metadata update
3. Statistical presentation
4. Unit of measure
5. Reference Period
6. Institutional Mandate
7. Confidentiality
8. Release policy
9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy
14. Timeliness and punctuality
15. Coherence and comparability
16. Cost and Burden
17. Data revision
18. Statistical processing
19. Comment
Related Metadata
Annexes (including footnotes)
 



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1. Contact Top
1.1. Contact organisation

Croatian Bureau of Statistics

1.2. Contact organisation unit

Foreign Trade in Goods Statistics Department

1.5. Contact mail address

Ilica 3, Zagreb, Croatia


2. Metadata update Top
2.1. Metadata last certified 20/05/2024
2.2. Metadata last posted 20/05/2024
2.3. Metadata last update 20/05/2024


3. Statistical presentation Top
3.1. Data description

International trade in goods statistics (ITGS) published by Eurostat measure the value and quantity of goods traded between the EU Member States (intra-EU trade) and goods traded by the EU Member States with non-EU countries (extra-EU trade). ‘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 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 dimensions available for TIC data:

  • reporting country;
  • partner country;
  • reference period;
  • trade flows;
  • product; and
  • currency.
3.2. Classification system

Product classification

The Standard International Trade Classification (SITC) is managed by the United Nations and correlated with the subheadings of the Harmonised System. SITC Rev. 4 comprises 2 970 basing headings which are aggregated into 262 groups, 67 divisions and 10 sections. TIC data are based on the section level complemented by the division 33 ‘oil”.

Country classification

The ‘Nomenclature of countries and territories for the external trade statistics of the Union and statistics of trade between Member States’, known as the ‘Geonomenclature’, is used to collect detailed statistics on exchanges of goods. TIC data are only disseminated at an aggregated partner level: partner ‘extra-EU’ for TIC data reported by the EU Member States and partner ‘world’ for the TIC data reported by the EFTA and enlargement countries. See the publication Geonomenclature applicable to European statistics on international trade in goods for more information (https://ec.europa.eu/eurostat/web/international-trade-in-goods/publications#methotherpub).

3.3. Coverage - sector

The scope of TIC data is the same as for monthly detailed data on extra-EU trade in goods. They cover all goods entering (imports) or leaving (exports) the national statistical territory and for which the trading partner is a non-EU country. Note that the statistical territory of Croatia corresponds to its customs territory.

As ITGS in general, TIC data cover all sectors of the economy.

3.4. Statistical concepts and definitions

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).

For reference period 2014-2020 TIC data were available by three product groups: Raw materials without oil (SITC sections 0-4, excluding division 33), Oil (SITC division 33) and Manufactured products (SITC sections 5-8).

From reference period 2022 onwards TIC data are available in this way: Total trade covers SITC sections 0 to 9. Division 33 is to be reported separately under SITC33, and should also be included in SITC3.

Currency – The invoicing currency is the currency in which the commercial invoice is drawn up. Its definition is provided by the customs legislation.

For reference period 2014-2020 only the following currencies or groups of invoicing currencies were considered for data transmission to Eurostat:

  • euro;
  • HRK;
  • US dollar;
  • ‘other’ (i.e. aggregated group of currencies of all non-EU countries except the United States).
  • unknown (only since 2020)

From reference period 2022 onwards only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat:

— Euro

— HRK

— UK pound sterling

— US dollar

— Brazilian real

— Canadian dollar

— Swiss franc

— Chinese renminbi-yuan

— Indian rupee

— Japanese yen

— South Korean won

— Mexican peso

— Norwegian krone

— Russian rouble

— Singapore dollar

— Turkish lira

— Other not specified currencies

— National currencies of non-euro area Member States

— Unknown currency

The full set mentioned above has been collected only since 2021 reference year. 

The set of collected currencies has been evolving over time. Initially, only 5 currencies were collected (EUR, USD, _X, XU3 and _T). Since 2020 reference year, "unknown" currency was added. 

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.

The whole trade with the UK in 2020 was included in the 2020 TIC data.

3.5. Statistical unit

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

3.6. Statistical population

The statistical population comprises all the legal or natural persons who have lodged a customs declaration with the Customs Administration of Croatia within a year.

3.7. Reference area

Croatia

3.8. Coverage - Time

TIC data disseminated by Eurostat

See document TIC Quality indicators.

 

TIC data disseminated at national level

Not available.

3.9. Base period

Not applicable.


4. Unit of measure Top

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.

For data dissemination on Eurostat website – Share of each invoicing currency in extra-EU imports and exports for EU Member States.


5. Reference Period Top

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 Customs Administration of Croatia.

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


6. Institutional Mandate Top
6.1. Institutional Mandate - legal acts and other agreements

General statistical legislation

Regulation (EC) No 223/2009 of the European Parliament and of the Council on European statistics

Extra-EU trade legislation (or Extrastat)

  • Regulation (EU) 2019/2152 of the European Parliament and of the Council
  • Commission Implementing Regulations (EU) 2020/1197 and 2021/1225 and the Commission Delegated Regulation (EU) 2021/1704
  • Commission Delegated Regulation (EU) 2021/234 of 7 December 2020 amending Delegated Regulation (EU) 2015/2446 as regards common data requirements, and Delegated Regulation (EU) 2016/341 as regards the codes to be used in certain forms (OJ L 63, 23.2.2021)
  • Commission Implementing Regulation (EU) 2021/235 of 8 February 2021 amending Implementing Regulation (EU) 2015/2447 as regards formats and codes of common data requirements, certain rules on surveillance and the competent customs office for placing goods under a customs procedure (OJ L 63, 23.2.2021)

All regulations relevant for the European statistics on international trade in goods can be found in the publication Legislation on European statistics on international trade in goods or consulted from the Legislation page of the International trade in goods section on Eurostat website. All legal texts of the EU are accessible on Eur-Lex.

6.2. Institutional Mandate - data sharing

Not applicable.


7. Confidentiality Top
7.1. Confidentiality - policy

Regulation (EC) No 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics (OJ L 327, 17.12. 2019, pp. 1–35).

As a general definition, data used by national and EU authorities for producing statistics are considered confidential if statistical units can be identified, either directly or indirectly, and information about individuals or businesses is disclosed as a result.

Under the Official Statistics Act (NN, No. 25/20), the CBS can not publish, or otherwise make available to any individual or organisation, statistics that would enable the identification of data for any individual person or legal entity. Individual data are strictly confidential and must not be published or reported.
Statistics of foreign trade in goods generally applies passive confidentiality, except in survey Trade by enterprise characteristics - TEC, where is applied active confidentiality.

Based on the Ordinance on Rules and Methods for the Protection of Statistically Confidential Data, Foreign Trade in Goods Statistics Department has established the Rules and Methods for the Protection of Statistically Confidential Data on Foreign Trade Statistics to prevent the identification of the reporting unit to which the data relate. Established rules and methods relate to the protection of all statistical products produced under the jurisdiction of the Department.

7.2. Confidentiality - data treatment

TIC data are the results of the aggregation of real trade without implementation of confidentiality rules. Data by invoicing currency are however not detailed enough to make it possible to identify a specific trader. Therefore no specific data treatment applies.


8. Release policy Top
8.1. Release calendar

TIC data are only disseminated by Eurostat. See item 8.1 ‘Release calendar’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency (TIC)’ for more details.

8.2. Release calendar access

TIC data are only disseminated by Eurostat. See item 8.2 ‘Release calendar access’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

8.3. Release policy - user access

TIC data are only disseminated by Eurostat. See item 8.3 ‘Release policy - user access’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.


9. Frequency of dissemination Top

TIC data are only disseminated by Eurostat. See item 9 ‘Frequency of dissemination’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.


10. Accessibility and clarity Top
10.1. Dissemination format - News release

TIC data are only disseminated by Eurostat. See item 10.1 ‘Dissemination format - News release’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

10.2. Dissemination format - Publications

TIC data are only disseminated by Eurostat. See item 10.2 ‘Dissemination format - Publications’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

10.3. Dissemination format - online database

TIC data are only disseminated by Eurostat. See item 10.3 ‘Dissemination format - online database’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

10.3.1. Data tables - consultations

See document TIC Quality indicators.

10.4. Dissemination format - microdata access

Not applicable.

10.5. Dissemination format - other

Not applicable.

10.5.1. Metadata - consultations

See document TIC Quality indicators.

10.6. Documentation on methodology

TIC data are only disseminated by Eurostat. See item 10.6 ‘Documentation on methodology' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

10.6.1. Metadata completeness - rate

100%

10.7. Quality management - documentation

TIC data are only disseminated by Eurostat. See item 10.7 ‘Quality management - documentation’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.


11. Quality management Top
11.1. Quality assurance

Croatian Bureau of Statistics has developed a model of the Total Quality Management based on the Code of Practice of European Statistics. It is the model that is fully adjusted to the statistical purposes, because working on the quality of statistical processes, final products and services is not the same as the standard quality monitoring of products and services of profit-oriented business entities on the market. In statistical terms, the quality is focused on obtaining statistical products and services with the characteristics that will enable and simplify successful planning and conducting of economic policy. (https://www.dzs.hr/default_e.htm)

11.2. Quality management - assessment

See item 11.2 ‘Quality management - assessment' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.


12. Relevance Top
12.1. Relevance - User Needs

TIC data are only disseminated by Eurostat. See item 12.1 ‘Relevance - User Needs’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

12.2. Relevance - User Satisfaction

TIC data are only disseminated by Eurostat. See item 12.2 ‘Relevance - User Satisfaction’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

12.3. Completeness

See item 12.3 ‘Completeness’ of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

12.3.1. Data completeness - rate

See document TIC Quality indicators.


13. Accuracy Top
13.1. Accuracy - overall

See item 13.1 ‘Accuracy - overall' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

13.2. Sampling error

See item 13.2 ‘Sampling error' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

13.2.1. Sampling error - indicators

Not applicable.

13.3. Non-sampling error

See item 13.3 ‘Non-sampling error' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

13.3.1. Coverage error

Not applicable.

13.3.1.1. Over-coverage - rate

Not applicable.

13.3.1.2. Common units - proportion

Not applicable.

13.3.2. Measurement error

Not applicable.

13.3.3. Non response error

Not applicable.

13.3.3.1. Unit non-response - rate

Not applicable.

13.3.3.2. Item non-response - rate

Not applicable.

13.3.4. Processing error

Not applicable.

13.3.5. Model assumption error

Not applicable.


14. Timeliness and punctuality Top
14.1. Timeliness

See concepts 14.1.1 and 14.1.2.

14.1.1. Time lag - first result

See document TIC Quality indicators.

14.1.2. Time lag - final result

Not applicable.

14.2. Punctuality

See concept 14.2.1 for the time lag between the actual delivery of the TIC data and the target date when it should have been delivered.

14.2.1. Punctuality - delivery and publication

See document TIC Quality indicators.


15. Coherence and comparability Top
15.1. Comparability - geographical

See item 15.1 ‘Comparability - geographical' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

15.1.1. Asymmetry for mirror flow statistics - coefficient

Not applicable.

15.2. Comparability - over time

Data are comparable since 2014 when TIC data for Croatia was submitted for the first time.

15.2.1. Length of comparable time series

Data are comparable since 2014 when TIC data for Croatia was submitted for the first time.

15.3. Coherence - cross domain

See item 15.3 ‘Coherence - cross domain' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.

15.3.1. Coherence - sub annual and annual statistics

Not applicable.

15.3.2. Coherence - National Accounts

Not applicable.

15.4. Coherence - internal

See item 15.4 ‘Coherence - internal' of the related metadata ‘ext_tic - International trade in goods – trade by invoicing currency’ for more details.


16. Cost and Burden Top

The Customs Administration of the Republic of Croatia collects Extrastat data, while the CBS is assigned for data processing and dissemination of statistical data. No additional burden on respondents because Customs Declaration is an administrative data source.


17. Data revision Top
17.1. Data revision - policy

CBS has no formal revision policy for TIC data.

17.2. Data revision - practice

Data are not revised.

17.2.1. Data revision - average size

Not available.


18. Statistical processing Top
18.1. Source data

The data source for statistics on TIC with third countries (Extrastat) are Customs Declarations on export and import of goods.

TIC data are derived from the combination of two types of information collected via CD:

  • Trade in goods transactions; and
  • The invoicing currency associated to these transactions.
18.2. Frequency of data collection

Collection of trade in goods data: every month via customs declarations

Collection of the invoicing currency: every month via customs declarations

18.3. Data collection

Extrastat data – Customs Administration System of the Republic of Croatia (HRAIS 2 and ECS/AES systems)

The Croatian Bureau of Statistics receives the reviewed Customs Declarations from the Customs Administration of the Republic of Croatia in the form of data records.

18.4. Data validation

Data obtained on customs declarations are subject to controls every month:
• Control of the nature of transaction in terms of exclusion of repairs from data processing;
• Monitoring and control of goods with strategic importance and highest value (ships and aircraft, petroleum oils, medicaments, motor vehicles, electrical energy, wood, etc.);
• Check of the coherence between the TIC dataset trade values and trade values aggregated and detailed trade in goods data;
• Checks and data control are obtained directly from business entities.

 Croatian TIC data disseminated by Eurostat have passed the following quality checks:

  • Intra-dataset checks: completeness of the dataset and uniqueness of the records, validity of the codes, validity of code combinations across the different dimensions, inter-record consistency checks;
  • Intra-domain check: check of the coherence between trade values published in the TIC dataset and trade values coming from aggregated and detailed trade in goods data.
18.5. Data compilation

At national level:

All operations to derive TIC data are performed through Extrastat application (importing data, data validation, data processing), and through new IT TIC application.

At European level:

The share of each invoicing currency in the imports and exports of Croatia is calculated on the basis of the transmitted trade values.

18.5.1. Imputation - rate

At national level:

No imputation.

 

At European level:

No imputation is made by Eurostat.

18.6. Adjustment

Not applicable.

18.6.1. Seasonal adjustment

Not applicable.


19. Comment Top


Related metadata Top


Annexes Top