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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 Statistical Office of the  Republic of North Macedonia

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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; and
  • product.

13 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 – This is the last known country of destination for exports and the country of origin for imports.

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). Up to reference period 2020 TIC data are 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).

Data for the reference period 2021 and 2022 are process acording the EBS Regulation.The new EBS Regulation requires SITC sections 0 to 9, as well as division 33, to be reported individually.The new EBS Regulation requires SITC sections 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’;
  • and oil according to SITC division 33: code ‘SITC33’.
  • 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 in digital custom declaration.Up to reference period 2020 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;
  • unknown (only since 2020).

Under the EBS legislation (since 2021), trade flows shall be broken down into the following invoicing currencies:
Currencies already required under Extrastat:

  • Euro,
  • National currencies of EU Member States not belonging to the euro area,
  • US dollar,
  • Other not specified currencies,
  • Unknown currency.

Additional invoicing currency breakdown:

  • national currency of the reporting country MKD;

additional currencies that are defined according to the data sources used to compile TIC statistics:

  • UK pound; 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.

For compilation the detailed data we used the custom declaration.

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 National Customs Authority.

Republic of North Macedonia.

The reference period for the TIC data is the calendar year.

As the invoicing currency is a manadatory data in custom declaration the accuracy of the TIC data is on high level.

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.
For data dissemination  – Share of each invoicing currency in world imports and exports.

The process of data compilation, starts with defining the requirments in EBS compilers’ manual for international trade in goods statistics – trade by invoicing currency. After application of the validation rules (checks of the accuracy, data completeness, compilation the time series) value by invoicing currency is calculated.

TIC data are derived from the annual final  detailed data.

Trade by invoicing currency (TIC) data are updated once a year with a new reference year.

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 Compilers guide on European statistics on international trade in goods.

There were no changes, so the data are comparable in the entire series from 2013 to 2024.