Can the total value of imports and exports be counted as entrepot trade? How to distinguish?
Solved#Entrepot trade#
I don't quite understand the trade data. I want to ask if the total value of imports and exports can be counted as entrepot trade. Recently, when researching some trade - related data, I found that there seems to be a certain connection between the total value of imports and exports and entrepot trade, but I'm not sure about the relationship between the two. For example, a region has announced the total value of imports and exports data. Does this include the part of entrepot trade? If it does, how is it calculated specifically? If not, how should the entrepot trade be separately counted and calculated? I hope someone can answer in detail.
Professional consultant answers
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The total value of imports and exports is not directly equivalent to the value of entrepot trade. The total value of imports and exports refers to the total value of goods, services, etc. imported and exported by a country or region within a certain period. Entrepot trade refers to the trade activities in which the country of origin of goods and the country of consumption of goods conduct trade through a third country. For the third country, it is entrepot trade.
Generally, the total value of imports and exports may include the part of entrepot trade, but the total value of imports and exports cannot be simply counted as entrepot trade. If you want to separately count the entrepot trade, you can summarize through the business records of trading enterprises. For example, Zhongshitong Company records the origin, destination, transaction amount, etc. of entrepot trade goods. The customs also has relevant statistics. Based on the declaration information when goods enter or leave the country, distinguish whether the goods are general trade or entrepot trade, and then count the entrepot trade data.
The value of entrepot trade is a part of the total value of imports and exports, but to calculate it accurately, it needs to be stripped from the total value of imports and exports according to a specific statistical method.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The total value of imports and exports is not completely counted as entrepot trade. Entrepot trade is just one of the trade forms. If you want to know the entrepot trade data, you have to look at the special statistical classification of the customs and analyze it from documents such as customs declarations.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The total value of imports and exports cannot be directly counted as entrepot trade. Entrepot trade has a unique process. Goods need to be transited in a third place and the ownership changes. The financial records of enterprises can reflect part of the entrepot trade situation.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The total value of imports and exports covers a variety of trades, and entrepot trade is just one of them. You can judge entrepot trade by analyzing the trade flow direction, the relationship between trading entities, etc., and then calculate it separately.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The total value of imports and exports and entrepot trade cannot be confused. To count entrepot trade, look at transportation documents, trade contracts, etc. to judge whether the goods meet the characteristics of entrepot trade.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Entrepot trade is a special form of import and export trade. You can't regard the total value of imports and exports as entrepot trade. You can obtain entrepot trade data from the business ledgers of trading companies.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The total value of imports and exports includes entrepot trade, but to calculate entrepot trade, you need to start from detailed information such as the enterprise's trade process and documents and conduct separate accounting.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The total value of imports and exports cannot be simply counted as entrepot trade. To determine entrepot trade, it is necessary to judge in combination with many aspects such as the cargo transportation trajectory and the behavior of traders.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The total value of imports and exports is different from entrepot trade. For the statistics of entrepot trade, pay attention to information such as the warehousing and processing of goods in the third place.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The total value of imports and exports is not the value of entrepot trade. The calculation of entrepot trade should be based on the transfer of goods ownership and relevant business materials in the transit place.