International Trade by Commodity Statistics (2024)

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The International Trade by Commodity Statistics database includes detailed data from 1961 for imports and exports by commodity in quantity and value between OECD countries and 264 different partner countries. Products are classified according to the Standard International Trade Classification system (SITC) and Harmonised System (HS).

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  • Related Indicators:
    • International trade
  • Related Databases:
    • OECD-WTO: Statistics on Trade in Value Added
    • OECD Statistics on Trade in Value Added
    • OECD Quarterly International Trade Statistics
    • OECD Statistics on International Trade in Services

Keywords: commodity, manufactured goods, mineral, tobacco, statistics, exports, chemical products, transport equipment, SITC, crude materials, food and live animal, import, beverages

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  • SITC Revision 3

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and importsby partner countries and by commodity. Commodities are available at the most detailed level of the Standard International Trade Classification (SITC) Revision 3, a statistical classification of the commodities entering external trade, designed to provide the commodity aggregates for purposes of economic analysis and to facilitate international comparisons of trade-by-commodity data. Revision 3 corresponds to the current international standard. Data are expressed in US dollars and are available from 1988 onwards.

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and importsby partner countries and by commodity. Commodities are available at the most detailed level of the Standard International Trade Classification (SITC) Revision 2, a statistical classification of the commodities entering external trade, designed to provide the commodity aggregates for purposes of economic analysis and to facilitate international comparisons of trade-by-commodity data. Revision 2 corresponds to the previous international standard. Data are expressed in US dollars and are available from 1961 onwards.

  • Harmonised System 2017

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and imports by partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification, of which Harmonized System 2017 is the most recent. Data are expressed in US dollars and are available from 2017 onwards.

  • Harmonised System 2012

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and imports by partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification. Data are expressed in US dollars and are available from 2012 onwards.

  • Harmonised System 2007

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and imports by partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification. Data are expressed in US dollars and are available from 2007 onwards.

  • Harmonised System 2002

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and importsby partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification. This dataset uses Harmonized System 2002 expressing data in US dollars which are available from 2002 onwards.

  • Harmonised System 1996: All commodities

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and importsby partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification based on the nature of the commodity. This dataset, focusing on all market commodities, uses Harmonized System 1996 expressing data in US dollars, which are available from 1996 onwards.

  • Harmonised System 1988

    • Click to access dataset DATA

    This dataset contains values and quantities of exports and importsby partner countries and by commodity. The complex nature of the customs and statistical needs require a detailed commodity classification. The Harmonised Commodity Description and Coding System (Harmonised System, or HS), or extended versions based on HS, such as the Combined Nomenclature used by European Union countries, provide such classification based on the nature of the commodity. This dataset uses Harmonized System 1988 expressing data in US dollars, which are available from 1988 onwards.

  • ITCS Exchange Rates

    • Click to access dataset DATA

    This dataset includes conversion factors used for International Trade by Commodity Statistics datasets. Exchange rates are expressed in US dollars per national currency unit and based on annual exchange rates. To convert trade data from US dollars into national currency, trade data in US dollars should be divided by this exchange rate. Data are available from 1961 onwards.

  • International transport and insurance costs of merchandise trade - OECD

    • Click to access dataset DATA

    Although the costs associated with the international transport and insurance of merchandise trade (also referred to as CIF-FOB margins) are an important determinant of the volume and geography of international trade, remarkably little (official) data exist. Combining the largest and most detailed cross-country sample of official national statistics on explicit CIF-FOB margins to date with estimates from an econometric gravity model, and using a novel approach to pool product codes across World Customs Organization Harmonized System (HS) nomenclature vintages, the OECD has developed a new Database on International Transport and Insurance Costs (ITIC) that aims to fill this gap. The Database shows that distance, natural barriers and infrastructure continue to play an important role in shaping regional (and global) value chains.

  • Balanced merchandise trade statistics by CPA - OECD

    • Click to access dataset DATA

    The balanced merchandise trade database comprises international trade statistics where calculations have been made to reduce the asymmetries between import and export data. Differences arise from valuation (CIF for imports and FOB for exports), in partner country classification, in customs regimes, and in compilation and dissemination methodologies. Detailed statistics reported in different version of the Harmonised System are converted to the Classification of Products by Activity (CPA) products to better align with National Accounts statistics, such as in national Supply-Use tables. Data are expressed in US dollars and are available from 2007 onwards.

  • Merchandise Trade Price Index Database by CPA

    • Click to access dataset DATA

    Despite the growing importance of international trade, driven in large part by the rise of globalisation and the accompanying international fragmentation of production, the availability of statistics on price change in international merchandise trade at more granular level is still limited. To fill this data gap, the OECD has developed this new Merchandise Trade Price Index (MTPI) database using UN COMTRADE.

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Regarding the concepts mentioned in this article, here is some information:

International Trade by Commodity Statistics

The International Trade by Commodity Statistics database includes detailed data on imports and exports by commodity in quantity and value between OECD countries and 264 different partner countries. The data covers a wide range of products and is classified according to the Standard International Trade Classification system (SITC) and Harmonised System (HS) [[1]].

Standard International Trade Classification (SITC)

The Standard International Trade Classification (SITC) is a statistical classification system used to categorize commodities entering external trade. It provides commodity aggregates for economic analysis and facilitates international comparisons of trade-by-commodity data. The SITC has undergone revisions, with Revision 3 being the current international standard [[2]].

Harmonised System (HS)

The Harmonised System (HS) is another classification system used to classify commodities for customs and statistical purposes. It provides a detailed commodity classification to meet the complex needs of customs and statistical requirements. The Harmonised System 2017 is the most recent version, but there are also earlier versions such as Harmonised System 2012, Harmonised System 2007, Harmonised System 2002, and Harmonised System 1996 [[3]].

Commodity Classification and Data Availability

The datasets mentioned in the article provide values and quantities of exports and imports by partner countries and by commodity. They cover different time periods and use various commodity classifications, such as SITC Revision 3, SITC Revision 2, and different versions of the Harmonised System. The data is expressed in US dollars and is available from different years depending on the dataset [[4]].

Other Related Databases and Titles

The article also mentions other related databases and titles, such as the United Nations Commodity Trade Statistics Database, the Manual on Statistics of International Trade in Services, and various datasets on international trade, trade in value added, and trade in services [[1]].

I hope this information helps! If you have any further questions or need more specific details, feel free to ask.

International Trade by Commodity Statistics (2024)

FAQs

What is the most internationally traded commodity in the world? ›

Crude Oil (USOIL.

Crude oil is a raw material used for transportation fuels, heating oils, lubricants, and more. It is also known as “black gold,” which places it at the forefront of commodity trading, fueling industries, transportation, and global economies.

Who are the biggest commodity traders in the world? ›

16 Largest Firms (Worldwide)
  • Vitol. The company engages in the extraction, trade, refining, storage, and transport of energy. ...
  • Glencore. ...
  • Cargill. ...
  • Koch Industries. ...
  • Archer Daniels Midland. ...
  • Gunvor International. ...
  • Trafigura. ...
  • Mercuria.
Jun 24, 2024

Who is the world's largest exporter of commodities? ›

The People's Republic of China is the largest exporter of goods in the world, with a total export value for 2022 of $3.71 trillion.

Where can I find international trade data? ›

  • Census.gov >
  • Business and Economy >
  • International Trade >
  • Data.

What are the top 3 commodities in the world? ›

Three of the most commonly traded commodities include oil, gold, and base metals.

What commodity makes the most money in the world? ›

Crude oil is by far the biggest commodity market, and oil prices were the talk of the town for much of 2022. Following Russia's invasion of Ukraine, WTI crude oil prices rose to their highest level since 2013 by May 2022.

What country does the U.S. trade with the most? ›

The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).

Who sells the most oil in the world? ›

Oil is the leading export product in the world. Saudi Arabia is the world's largest oil exporter, followed by Russia and Canada.

Where does the U.S. rank as an international importer? ›

About. Overview In 2022, United States was the number 1 economy in the world in terms of GDP (current US$), the number 2 in total exports, the number 1 in total imports, the number 8 economy in terms of GDP per capita (current US$) and the number 10 most complex economy according to the Economic Complexity Index (ECI) ...

What is the best global trade database? ›

These trusted databases and datasets offer high-quality, up-to-date information.
  • Global Customs Rulings Datafeed. ...
  • Finage Real-Time & Historical Forex Market Feeds - Global Forex Data. ...
  • GaiaLens News Data: real-time (refreshed daily), covers c.17,000 global publicly traded companies, tracks 50 ESG themes.
Jul 15, 2024

Does the US import more than it exports? ›

Put simply, the U.S. global trade deficit reflects that the United States consumes more than it produces and imports more than it exports. Most economists argue that the trade deficit stems largely from U.S. macroeconomic policies, primarily an imbalance between domestic savings and total investment in the economy.

What does the US export more of than any other country? ›

In 2021, of the $1.8 trillion in U.S. exports, the top commodity sectors were Machinery and Mechanical Appliances (22.5%), followed by Chemicals, Plastics, Rubber, and Leather products (17.3%), the same as 2020. Oils, Minerals, Lime, and Cement (14.3%) replaced Transportation equipment as the 3rd top commodity sector.

What is the number 1 commodity for our country? ›

Top US Exports
CommodityAnnual Amount
Refined and Crude Petroleum$71.32 billion
Soybeans$22.3 billion
Gold$17.7 billion
Corn$9.82 billion
1 more row
Apr 25, 2022

What is the single biggest item in international trade? ›

Products In 2022, world's most traded products were Crude Petroleum ($1.45T), Refined Petroleum ($1.08T), Integrated Circuits ($961B), Petroleum Gas ($827B), and Cars ($782B).

What is the most imported commodity? ›

Table 5 shows the top 5 import commodities by value:
  • Mineral fuels.
  • Mechanical appliances.
  • Electronic equipment.
  • Motor vehicles.
  • Precious metals.
Mar 10, 2023

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