Statistical value
Also called: statistical value of goods
The value of goods recorded for trade statistics, normally based on the customs value adjusted to the border of the reporting country, for example including transport costs up to that border. It is reported in the declaration even where no duty is payable.
In practice
Errors in statistical value do not change duty, but they can draw attention from customs and statistics authorities.
EU
Türkiye
UKRelated terms
- Customs value
- The value of imported goods on which ad valorem duties are calculated. Almost all countries follow the WTO Customs Valuation Agreement, under which…
- Intrastat
- The system for collecting statistics on trade in goods between EU member states, which replaced customs-based statistics after the single market…
- CIF (valuation basis)
- As a valuation basis, CIF means the price of the goods plus the cost of insurance and transport up to the place where goods enter the customs…