Foreign Trade

Foreign merchandise trade is the exchange of goods across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).

Data on foreign merchandise trade are compiled as per international recommendations. The General Authority of Customs is the main source of imports and re-exports data. For exports, the direct survey of exporting companies is the main source. Imports are valued at cost, insurance, and freight (c.i.f.) and exports at free on board (f.o.b.). All goods are classified according to the Unified Customs Tariff Code for the GCC countries (GCC Tariff), which is an adapted version of the international Harmonized System (HS). For analysis and international comparison purposes, imports and exports are classified according to the Standard International Trade Classification (S.I.T.C) which takes account of the nature of the products.

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