Transcript Summary overview of the OTS

Summary overview of the Overseas
Trade Statistics (OTS)
Published by:
HM Revenue & Customs – Trade Statistics
Cust. Services:
E-mail:
Website:
01702 367485
[email protected]
www.uktradeinfo.com
June 2011
Background – What is the OTS?
The Overseas Trade Statistics (OTS) are a detailed
dataset covering the UK's Trade in goods with other
Nations.
The OTS :• are published by partner country and product level
•
detail UK imports and exports, for both EU and non-EU trade
•
are released monthly, quarterly and annually
•
provide information on over 9,000 different commodities and around 230
partner countries
•
provide information on the value, netmass and number of goods traded
•
are classed as a National Statistics product
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Who uses the OTS?
Trade statistics are compiled to serve the needs of many
users, including:
• Other Government Departments
• Eurostat
(Directorate-General of the
European Commission)
• International organisations i.e.
United
Nations
• Universities
Organisation for
Economic Cooperation &
Development (OECD)
• Trade associations
• Private individuals and businesses
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How is the Trade data collected?
Trade statistics are collected mainly from two data
sources. These two sources are split by trade with EU
Member States, and trade with non-EU countries.
•
EU trade is collected via the Intrastat
survey. This is a survey of VAT
registered businesses that have the
most trade with other EU Member States.
HMRC calls imports from the EU ‘Arrivals’,
and exports to the EU ‘Dispatches'.
•
Non-EU trade is collected via the
Customs Handling of Import and Export
Freight (CHIEF) system. This is an
administrative data collection system
for customs declarations.
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Are estimates used to improve data accuracy?
The following estimates are made by HMRC to supplement
the collected EU trade data:
•
To account for EU trade by businesses who do not make declarations as part
of the Intrastat survey. This is called the ‘below threshold trade allocations’
(or BTTA).
•
To account for businesses who have failed to provide a declaration by the
deadline. This is called the ‘non-response estimate’.
•
To account for non-declaration of arrivals associated with VAT fraud. This is
called ‘missing trader intra Community VAT fraud’ (or MTIC).
•
For products where there is no need to declare the netmass. HMRC provides
an estimate for these products where it has been omitted.
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What does the OTS record as ‘trade’?
The OTS comprise all goods crossing the national
boundary of the UK, including goods imported into and
exported from Customs warehouses and free zones.
There are however some exceptions which are excluded. These include
amongst others:
•
Monetary gold
•
Means of payment which are legal tender, and securities
•
Goods for temporary use (meeting specific conditions)
•
Trade by businesses not registered for VAT or trade by private persons (EU
trade only)
•
goods supplied free of charge (e.g. advertising material and commercial
samples)
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Is the OTS data checked before publication?
HMRC carries out extensive checking procedures as
part of its data processing.
•
Auto corrections are built into HMRC computer systems to cope with certain
common types of error. These are predominantly validation checks i.e. such
as ensuring a valid country code has been declared
•
Credibility checks are performed on the trade data,
focusing on value; and quantity data i.e. netmass or
number of items
•
Credibility checking is a tool for ensuring that the
detailed data obtained is realistic and viable
•
Local Compliance Intrastat Assurance Officers (IAOs)
undertake visits to Intrastat businesses to assure
quality of declarations
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How can I find out about the quality of OTS data?
•
A Quality Report is produced by the Trade Statistics unit on an annual basis
•
This contains quality measures and indicators for each of the following six
quality dimensions:
•
•
•
•
•
•
•
Relevance
Accuracy
Timeliness & Punctuality
Accessibility & Clarity
Comparability
Coherence
Detailed information on all published trade data quality reports can be found
from the following link:
https://www.uktradeinfo.com/statistics/noneuoverseastrade/aboutoverseastradestatistic
s/pages/qualityassurance.aspx
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How do I find out more information?
For more details, and to access the complete detailed OTS
methodology please click the link below:
https://www.uktradeinfo.com/Statistics/NonEUOverseasTrade/AboutOverseastrade
Statistics/Documents/OTSMethodology_paper.pdf
To contact Customer Services:
UKtradeinfo Customer Services
Telephone no:
01702 367485
Email:
[email protected]
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