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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: State Data Agency (Statistics Lithuania)

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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.

19 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 are available by three product groups: Raw materials without oil (SITC0, SITC1, SITC2, SITC3, SITC4, excluding division 33), Oil (SITC division 33) and Manufactured products (SITC5, SITC6, SITC7, SITC8, SITC9). Additionally, since 2021 reference period, TIC data are available also by 10 individual SITC sections.

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:

Up to 2021 reference period:

  •  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); and
  • unknown' (only since 2020)

Since 2021 reference period:

  • Euro (EUR);
  • UK pound sterling (GBP);
  • US dollar (USD);
  • Brazilian real (BRL);
  • Canadian dollar (CAD);
  • Swiss franc (CHF);
  • Chinese yuan renminbi (CNY);
  • Indian rupee (INR);
  • Japanese yen (JPY);
  • South Korean won (KRW);
  • Mexican peso (MXN);
  • Norwegian krone (NOK);
  • Russian rouble (RUB);
  • Singapore dollar (SGD);
  • Turkish lira (TRY);
  • National currencies of non-euro area Member States;
  • Other not specified currencies;
  • Unknown currency .

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 statistical unit is any natural or legal person lodging a customs declaration in Lithuania on the condition that the customs procedure is of statistical relevance. Starting with the data for 2024, data on goods exported from Lithuania that were declared for export in other EU Member States and subsequently shipped outside the EU are included in Lithuania’s international trade in goods statistics. Data on goods imported from other EU Member States for the purpose of export declaration and subsequent shipment to non-EU countries are no longer included.

The statistical population comprises all the legal or natural persons who have lodged a customs declaration with the National Customs Authority of Lithuania within the reference year. Starting with the data for 2024, data on goods exported from Lithuania that were declared for export in other EU Member States and subsequently shipped outside the EU are included in Lithuania’s international trade in goods statistics. Data on goods imported from other EU Member States for the purpose of export declaration and subsequent shipment to non-EU countries are no longer included.

Lithuania

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 Authority.

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

The accuracy is tackled at national and European levels, by eliminating as much as possible the non-sampling errors. It should be noted that the 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.

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

At national level:

Data are compiled based on the EU requirements using the data of Customs declarations.

At European level:

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 mainly derived from the combination of two types of information collected via customs declarations:

  • Trade in goods transactions; and
  • The invoicing currency associated to these transactions.

TIC data disseminated by Eurostat

TIC data are updated every year in April/May with a new reference year. However it should be noted that only TIC data relating to even years (e.g. 2020, 2022) are to be mandatorily provided to Eurostat. The geographical coverage might thus be incomplete for reference periods corresponding to odd years (e.g. 2021).

Revisions of historical data may occur at any time but remain exceptional.

 TIC data disseminated at national level

TIC data are published each year in April, on Official Statistics Portal

See concepts 14.1.1 and 14.1.2.

From a methodological point of view, the comparability across countries 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.

Changes due to definitions, classifications, coverage or methods will have an impact on the continuity of the time series. The most significant change came with the recent Regulation (EU) 2019/2152 on European business statistics.