Standard International Trade Classification
- Standard International Trade Classification
Standard International Trade Classification (SITC) is a classification of goods used to classify the exports and imports of a country to enable comparing different countries and years. The classification system is maintained by the United Nations. The SITC classification, currently at revision three is to be standard. The last revision, revision four, was made in 2006.
The following excerpt was taken from the United Nations Statistics Division, international trade statistics branch:
"For compiling international trade statistics on all merchandise entering international trade, and to promote international comparability of international trade statistics. The commodity groupings of SITC reflect (a) the materials used in production, (b) the processing stage, (c) market practices and uses of the products, (d) the importance of the commodities in terms of world trade, and (e) technological changes." [ [http://unstats.un.org/unsd/class/family/family2.asp?Cl=10"The United Nations Statistics Division"] Standard International Trade Classification]
ee also
*Harmonized System
*Broad Economic Categories
References
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2010.
Look at other dictionaries:
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