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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: Turkish Statistical Institute (TurkStat)

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International trade in goods statistics (ITGS) measure the value and quantity of goods traded with the rest of the world. ‘Goods’ means all movable property including electricity. ITGS published by Turkstat are compiled on the basis of the concepts and definitions set out in UN and EU legislation.

Trade by invoicing currency (TIC) data are part of the information available for international trade in goods for Turkiye. The invoicing currency is the currency in which the commercial invoice is drawn up. Exports and imports expressed in shares by invoicing currency can be used to explore the role of each currency in invoicing, as compared to its role in global trade, and to analyse the stability of invoicing currency patterns over time. 

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;
  • reference period;
  • trade flows;
  • product; and
  • currency.

28 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  ‘world’.

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). Under the EBS legislation, TIC data are available by individual SITC sections 0 to 9:

Food and live animals (SITC0), beverages and tobacco (SITC1), crude materials, inedible, except fuels (SITC2), mineral fuels, lubricants and related materials (SITC3), animal and vegetable oils, fats and waxes (SITC4), chemicals and related products, n.e.s (SITC5), manufactured goods classified chiefly by material (SITC6), machinery and transport equipment (SITC7), miscellaneous manufactured articles (SITC8), commodities and transactions not classified elsewhere in the SITC: code ‘SITC9’. In addition, Oil (division 33) is required to be reported individually.

Before year 2022, the set of products was different. 

TIC data was available by three product groups before year 2022;

  • 1_raw materials without oil (SITC sections 0-4, excluiding division 33);
  • 2_Oil  (SITC division 33);
  • 3_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. Customs declarations are used as data source.

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, _U currency was added.

The full set mentioned below has been collected only since 2022 reference year.  Only the following currencies or groups of invoicing currencies are considered for data transmission to Eurostat.

  • Euro (‘EUR’);
  • UK pound sterling (‘GBP’);
  • US dollar (‘USD’);
  • National currencies of non-euro area Member States (‘XU3’);
  • Other not specified currencies (‘_X’);
  • Unknown currency (‘_U’);
  • Total ‘_T’;
  • 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’).

The statistical unit is any natural and legal person lodging a customs declaration in Turkiye 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 Turkish National Customs Authority.

Turkiye

TIC data are updated every year by the end of March with a new reference year. As only TIC data relating to even years (e.g. 2018, 2020, 2022) are to be mandatorily provided to Eurostat, the geographical coverage is incomplete for reference periods corresponding to odd years (e.g. 2021).

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

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

Shares of each invoicing currency or group of invoicing currencies in world imports and exports for EFTA and enlargement countries.

The shares are calculated by Eurostat on the basis of the trade values (in national currency units) by invoicing currency transmitted by reporting countries.

At national level:

Main data source is customs declarations.  Goods are primarilly classified by 12 digit commodity code (GTIP-customs tariff statistics position)  in which first 8 digit is CN.  TIC data are compiled by using correspondence table enabling transposition of detailed data collected according to 12 digit commodity code into the Standard International Trade Classification (SITC). TIC data are available by SITC sections 0-9 and SITC division 33


The value of imports and exports is the value in national currency of Turkish Liras in TIC data.   The accuracy of TIC data depends mainly on the accuracy of customs declarations.

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 combination of two types of information collected via customs declarations:

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

TIC data are not disseminated in Turkiye, only transmited to Eurostat.

See concepts 14.1.1 and 14.1.2.

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

In TurkStat, all the data required for TIC data have already been compiled in Eurostat standarts.

Turkstat have provided TIC data from years 2015 and Turkstat will continue to provide TIC data every year including optional years.