ASi" kUCTURE FlOR DEVELOPMENT

(SITC), Series M, No. 34, Revision 1. For some coun- Revision 1 SlTC for 1970 and Revision 2 SITC for
tries, data for certain commodity categories are un- 1992.
available and the full breakdown cannot be shown. Manufactured imports of the predominant mar-
In Table 14, food commodities are those in SErC kets from individual economies are the best avail-
Sections 0, 1, and 4 and Division 22 (food and live able proxy of the magnitude and composition of the
animals, beverages and tobacco, aninal and veg- manufactured exports of developing economies to
etable oils and fats, oiLseeds, oil nuts and oil ker- all destinations taken together.
nels). Fuels are the commodities in SETC Section 3 Manufactured goods are the commodities in the
(mineral fuels, and lubricants and related materi- SETC, Revision 1, Sections 5 through 9 (chemical and
als). Otlier prhnary commrtodities comprise SEIC Sec- related products, basic manufactures, manufactured
tion 2 (inedible crude materials, except fuels), less artides, machinery and transport equipment, and
Division 22 (oilseeds, oilnuts, and oil kernels). and other manufactured articles and goods not else-
Division 68 (nonferrous metals). Machurdriy and wlhere classified), exduding Division 68 (nonferrous
t-s port equipnt et are the commodities in SITC Sec- metals) This definition is somewhat broader than
tion 7. Other manurjfchures, calculated residually the one used to define exporters ofmanufactures.
from the total value of manufactured imports, rep- The major manufactured product groups reresent
SETC Sections 5 through 9, less Section 7 and ported are defined as follows: textiles and clothing
Division 68.
(SrIC Sections 65 and 84), chmnicals (SETC Section S),
In Table 15,frels, ninerals, and mnetals are the com- deectric macriitiery and elctronics (SITC Section 72),
modities in SETC Section 3 (mineral fuels, and lubri- trtnsport equipmeint (SlTC Section 73), and other, decants
and related materials), Divisions 27 and 28 fined as the residuaL SEC Revision 1 data are used
Icrude fertilizers and crude minerals, excluding for the year 1970, whereas the equivalent data in RecoaL
petroleum and precious stones, and metallifer- vision 2 are used for the year 1992.
ous ores and metal scrap), and Division 68 (nonferrous
metals). Ott.:er prinary commodities comprise Table 17. Balance of payments and reserves
SITC Sections 0, 1, 2, and 4 (food and live animals,
beverages and tobacco, inedible crude materials, ex- The statistics for this table are mostly as reported by
cept fuels, and animal and vegetable oils and fats), the IMF but do include recent estimates by World
less Divisions 27 and 28. Machinery and tmasport Bank staff and, in rae instances, the Bai's own 0
equipment are the comnnodities in SITC Section 7. coverage or classification adjustments to enhance
Other manufactures represent SETC Sections 5 intemational comparabElity Values in this table are
ffirough 9, less Section 7 and Division 68. Textiles in US. dollars converted at current exchange rates.
and clotiing, representing SETC Divisions 65 and 84 - The current accunt balance after officia tmrnsfers is
(textiles, yarns, fabrics, made-up articles, and re the difference between (a) exports of goods and serlated
products and clothing),. are a subgroup of vices (factor and nonfactor), as well as inflows of
other manufactures. - unrequited tansfers (private and offical) and (b)
The summary measures in Table 14 are weighted imports of goods and services, as well as all unreby
total maraindise imports of individual coun- quited transfers to the rest of the world.
tries in current US. dollars and those in Table 15 by The current account balamce bere official tsf is
total merchandise exports of individual countries in the mcurent account balance that treats net official
curnent US. dollars (See the techical note for Table unreuited transfers as akin to official capital move-
13.) nments. The difference between the two balance of
payments measures is essentially foreign aid in the
Table 16. OECD imports of manufactured goods form of grnts, technical assistance, and food aid,
which, for most developing countries, tends to
The data are from the United Nations and were re make current account defidts smaller than the fi-
. - - ported by high-income OECD economies-the nancing requirement
OECD members excluding Greece, Portugal, and Net morkers' remittances cover payments and re-
Turkey..
ceipts of income by migrants who are employed or
The table reports the -alue of fmports of nmanufac- expect to be employed for more than a year in their
tures of high-income OECD countries by the econ- new economy, where they are considered residents.
:omy of orgin and the Compostion of such imports These remittances are classified as private unreby
major manufactured product groups. These data quited transfers and are included in the balance of
are based on the U-N. COMIRADE database- payments current account balance, whereas those:
235