INFORMATION PAPER: PROPOSED IMPLEMENTATION OF THE NEW INTERNATIONAL STANDARD FOR INTERNATIONAL MERCHANDISE TRADE STATISTICS, 2013
The Information Paper: Proposed Implementation of the New International Standard for International Merchandise Trade Statistics, 2013 (cat. no. 5368.0.55.020) was released on 6 August 2013 and explains the key conceptual changes and new recommendations included in International Merchandise Trade Statistics: Concepts and Definitions 2010 (IMTS 2010) in terms of Australia's statistics. The ABS position on each of the key conceptual changes is presented. Users of import and export statistics on an international merchandise trade basis are encouraged to provide feedback on the ABS position and comments on how the changes may affect the usefulness of the statistics.
The current conceptual framework which underpins Australia's export and import statistics on an international merchandise trade basis is consistent with the international standard set out in the United Nations (UN) publication International Merchandise Trade Statistics: Concepts and Definitions Series M, No. 52, Rev. 2.
The UN has updated the international standard for compiling international merchandise trade statistics. The new standard IMTS 2010 is more consistent with System of National Accounts 2008/ Balance of Payments and International Investment Position Manual sixth edition which is the overarching framework for the compilation of macroeconomic statistics by the ABS.