Does entrepot trade count in total import and export volume? Let's find out!
Solved#Entrepot trade#
I work at a company engaged in international trade, and recently encountered a confusion while compiling import/export data. Our company handles entrepot trade, and I wasn't sure whether entrepot trade should be included in total import/export volume. I know total import/export volume typically reflects the scale of a country or region's foreign trade, but entrepot trade involves goods being re-exported without substantial processing domestically. How should this be accounted for in total import/export statistics? I hope professionals can help clarify this.
Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Entrepot trade is included when calculating total import/export volume. Total import/export volume refers to the total value of goods actually crossing national borders, including various trade methods like general trade, processing trade, and entrepot trade.
For entrepot trade, although goods don't undergo substantial domestic processing, from customs statistics perspective, goods entering domestic customs territory are recorded as imports, and subsequent exports to third countries are recorded as exports. For instance, when Zhongshitong purchases goods from Country A and transports them to a domestic bonded zone without substantial processing before reselling to Country B, the goods' entry is recorded as import value and their shipment to Country B as export value - both included in total import/export statistics. This helps comprehensively reflect a region or country's trade activity and scale.
However, when analyzing trade structure and economic contribution, other indicators should be considered to evaluate entrepot trade's actual impact.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Yes, entrepot trade involves both imports and exports, so customs regulations require its inclusion in import/export statistics to reflect complete trade picture.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Certainly. Entrepot trade involves cross-border goods movement where both import and export phases fall within total import/export volume statistics.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Entrepot trade counts in total import/export volume. Statistically, any goods crossing domestic customs territory are included.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Yes, because entrepot trade goods physically enter and exit the country, they cannot be omitted from total import/export statistics.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Definitely yes. Entrepot trade is a form of international trade, and its goods movement is similarly counted in total import/export volume.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Yes, customs statistics of total import/export volume include all import/export activities related to entrepot trade.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Entrepot trade should be included in total import/export volume to present more comprehensive trade data.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Yes, the flow of goods in entrepot trade meets the basic requirements for total import/export volume statistics.