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Revision Procedure for Merchandise Goods Trade

  • Monthly Revisions

    Monthly revisions are applied to the prior month data to account for transactions that are received too late to publish in the appropriate reference month. The revisions represent a small number of transactions for previous months. Monthly revisions are made based on the end use commodity classification system and published in the monthly FT-900 U.S. International Trade in Goods and Services Report. Each month we revise the aggregate seasonally adjusted (current and chain-weighted dollar) and unadjusted export, import, and trade balance figures, as well as the end-use commodities for the prior month. These revisions are included in exhibits 1 - 15. Country detail in exhibits 14 and 14a and SITC detail in exhibit 15 do not include revisions. The timing adjustment shown in Exhibit 14 is the difference between monthly data as originally reported and as recompiled. Exhibits 16, 16a, 17, and 18 do not include revisions.

  • Quarterly Revisions to Chain-Weighted Dollars Series

    In the last month of each quarter, the current and previous quarter's data are revised to incorporate the Bureau of Labor Statistics' monthly revisions and align Census and the U.S. Bureau of Economic Analysis' quarterly data. Quarterly revisions are made based on the end use commodity classification system and published in the monthly FT-900 U.S. International Trade in Goods and Services Report. Quarterly revisions are made to the chain-weighted dollar series only. These revisions are included in exhibits 10 and 11.

  • Annual Revisions

    Each June not seasonally adjusted goods data is revised to redistribute monthly data that arrived too late for inclusion in the month of transaction but that were included, initially, in the month in which the data were received. In addition, any corrections made to previously published data are applied to the statistics. Once the redistributions of data to the proper month of transaction and corrections are completed the data for the prior three years are recompiled and published in the FT-900 U.S. International Trade in Goods and Services, U.S. Imports History (DVD), U.S. Exports History (DVD), and USA Trade Online.

    Factors for seasonal adjustments and trading day adjustments are also recomputed and the seasonally adjusted current-dollar series is revised for the prior three years and the first three months of the current year. Similar changes are made to the chain-weighted dollar series.

  • Other Revisions

    For December and January statistical month releases, each prior month of the most recent completed year contains revisions in order to align the seasonally adjusted monthly data with annual totals.

    The Census Bureau receives revisions from Canada and makes corrections for prior period transactions to the cumulative-to-date totals for U.S. exports and U.S. exports to Canada. These revisions are applied at the detail level only with the release of the annual revision report.

    The initial release of the statistics (FT 900) and certain reports include special announcements as warranted to call attention to the discovery of large or significant revisions and to provide information on the appropriate data corrections and program changes.

FTD Web News


What is required for me to ship charity goods to Haiti?
From GLOBAL REACH: "In order to facilitate the movements of these goods, we offer the following guidance that applies to any goods not requiring a license, such as food, clothing, and medicines." (January 22, 2010)

Foreign Trade has GLOBAL REACH
Foreign Trade has just created and published its official blog, "Global Reach." Visit it to discuss the Foreign Trade Regulations, Export Filing (AES), Trade Data, and other trade related topics. Posts are current and relevant to you as the filer, exporter, data user, or curious blog reader. (January 5, 2010)

FTZ: Guidelines for Submtting Statistical Data (PDF) (1.8 MB)
Guidelines and best practices for fulfilling FTZ's statistical reporting requirements are now available.

NEW EXPORT TRAINING VIDEOS!!!
- Training videos on topics such as the Foreign Trade Regulations, AESDirect, NAFTA, Taxes/Tariffs, Commodities, etc. now available!

2009 Constant Dollar Data
- The Census Bureau identified a processing error that caused incorrect deflators to be applied to the revised data for 2009. The data have been corrected.

2009 DATA PRODUCT CHANGES
- U.S. Census Bureau will modify the structure of several data products to accommodate changing technology and user demand.

EXPORT COMPLIANCE SEMINARS AND WORKSHOPS
- The export environment has dramatically changed. Come and understand what it takes to remain compliant, aware and out of trouble.

2003 AES Option 4 Moratorium
Option 4 Filing Review Process Suspended

AES Compliance Best Practices:
Best Practices for maintaining AES Compliance are now available.

Related Party Database Application:
Time series RELATED PARTY data for specific commodities and countries.

ORDER AND DOWNLOAD FOREIGN TRADE DATA PRODUCTS:
- Online Order Form
- FTD DropBox
- Merchandise Trade Downloads

NEW Schedule B Search Engine:
It's new. It's flexible. It has more options.

NEWEST TRADE DATA!
- Get the basics!
- Learn more!


Source: FTDWebMaster, Foreign Trade Division, U.S. Census Bureau, Washington, D.C. 20233
Location: MAIN: REFERENCE: GUIDES
Created: September 26, 2006
Last modified: 12 July 2011 at 04:09:20 PM