Australian Bureau of Statistics
5368.0.55.021 - Information Paper: Revision to correspondences to AHECC and Customs Tariff, Aug 2014
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 23/06/2014 First Issue
|Page tools: Print Page Print All RSS Search this Product|
OVERVIEW OF IMPACTS
Statistics on the export and import of goods are presented on two bases - (recorded trade and balance of payments) in the International Trade in Goods and Services, Australia (cat. no. 5368.0) publication. The use of the various classifications and the impact on time series is broadly summarised in the following table.
TABLE 1: CLASSIFICATIONS USED IN TRADE STATISTICS AND IMPACT ON TIME SERIES OF CHANGES FROM AUGUST 2014 REFERENCE MONTH
There are no breaks in series as a result of the correspondence changes. From the August 2014 reference month, data will only be available on the basis of the new correspondences. To allow clients to analyse the effect of the changes, statistics can be provided (for a limited time) for 2012-13 on both a current and new basis for SITC R4. Changes will apply from when the AHECC and Customs Tariff codes first became operative. Some of the codes became operative on 1 January 2007 and some on 1 January 2012. Open dates of affected codes are shown in datacubes 2 (AHECC correspondences to SITC R4) and 3 (Customs Tariff correspondences to SITC R4) of this publication.
Final details of the impact on balance of payments time series (including chain volume measures and implicit price deflators) will be described in the August 2014 issue of International Trade in Goods and Services, Australia (cat. no. 5368.0) and the September quarter 2014 issue of Balance of Payments and International Investment Position, Australia (cat. no. 5302.0).
The ABS has revised the correspondences between the Customs Tariff and SITC R4, and AHECC and SITC R4, to bring these in line with international standards. No codes have been added or removed. This has resulted in a redistribution of imports and exports across SITC R4 codes, with the total level of merchandise imports and exports remaining unchanged.
The international standard correspondence is published on the United Nations Statistics Division website. Here is a link to the correspondence: http://unstats.un.org/unsd/trade/conversions/HS%20Correlation%20and%20Conversion%20tables.htm
In some cases a HS code corresponds to a number of SITC R4 codes. In these cases the ABS has ensured that each AHECC and Customs Tariff code corresponds to one of the correct SITC R4 correspondence codes. There are a number of cases where no AHECC and Customs Tariff code corresponds to a particular SITC R4 code option.
ANALYSIS OF IMPACT ON EXPORTS AND IMPORTS ON A RECORDED TRADE BASIS
SITC R4 exports
An example of the impact of the revised correspondences on exports on a recorded trade basis is detailed in Table 2.
TABLE 2: IMPACT ON RECORDED TRADE SITC R4 EXPORTS FOR 2012-13
The AHECC correspondence changes have had no impact on SITC R4 at the one-digit or two-digit levels. At the three-digit Group level, two SITC R4 codes have been affected:
Six SITC R4 codes were impacted at the five-digit level. The largest impact was a movement from 76432 'Transmission apparatus incorporating reception apparatus' to 76412 'Apparatus for transmission or reception of voice, images or other data (excl. telephone sets)'. Datacube 2 (AHECC correspondences to SITC R4) shows the net impact of all 5-digit changes on 2012-13 financial year data at the higher levels of the SITC R4.
SITC R4 imports
TABLE 3: IMPACT ON RECORDED TRADE SITC R4 IMPORTS FOR 2012-13
At the one-digit level of SITC R4, the largest net impact in 2012-13, were:
The same commodities also resulted in the largest net impact at the two-digit level. For 2012-13:
The largest net movements at the three-digit level were:
There were 17 SITC R4 codes impacted at the five-digit level. As with exports, the largest impact was a movement from 76432 'Transmission apparatus incorporating reception apparatus' to 76412 'Apparatus for transmission or reception of voice, images or other data (excl. telephone sets)'. Datacube 3 (Customs Tariff correspondences to SITC R4) shows the net impact of all 5-digit changes on 2012-13 financial year data at the higher levels of the SITC R4.
ANALYSIS OF IMPACT ON EXPORTS AND IMPORTS ON A BALANCE OF PAYMENTS BASIS
BoPCE goods credits (Balance of Payments exports)
These changes to correspondences will not impact the data published on a BoPCE basis.
BoPBEC goods debits (Balance of Payments imports)
Two categories will be impacted by the changes to correspondences. Data from January 2012 will be impacted. There will be a decrease in the category 'Consumption goods n.e.s.' and an increase in the category 'Food and beverages, mainly for consumption'. These changes will decrease 'Consumption goods n.e.s.' by 0.1% and increase 'Food and beverages, mainly for consumption' by 0.3% for the financial year 2012-13. Total merchandise imports and total 'Consumption goods' will not be impacted.
If you require assistance in accessing the datacubes or if you would like further information about the changes, please:
Australian Bureau of Statistics
GPO Box 66
Hobart TAS 7001
These documents will be presented in a new window.
This page last updated 23 June 2014