World Bank Document

import unit value index, this indicator shows Table 12. Origin and destination of
changes over a base year in the level of export merchandise exports
prices as a percentage of import prices. The termsof-trade
index numbers are shown for 1981 and Merchandise exports are defined in the note for Table
1983, with 1980 = 100. The unit value indices are 9. Trade shares in this table are based on statistics
from the same sources cited above for the growth on the value of trade in current dollars from the
rates of exports and imports.
UN and the IMF. Industrial market economies also
include Gibraltar, Iceland, and Luxembourg; highincome
oil exporters also include Bahrain, Brunei,
Tables 10 and 11. Structure of merchandise trade and Qatar. The summary measures are weighted
by the value of merchandise exports in current dol-
The shares in these tables are derived from trade lars.
values in current dollars reported in the UN trade
data system and the UN Yearbook of International
Trade Statistics, supplemented by other regular sta- Table 13. Origin and destination of
tistical publications of the UN and the IMF.
manufactured exports
Merchandise exports and imports are defined in the
note for Table 9.
The data in this table are from the UN and are
The categorization of exports and imports fol- among those used to compute special Table B in
lows the Standard International Trade Classifica- the UN Yearbook of International Trade Statistics. Mantion
(SITC), Revision 1.
ufactured goods are the commodities in SITC, Revi-
In Table 10, fuels, minerals, and metals are the com- sion 1, Sections 5 through 9 (chemicals and related
modities in SITC Section 3, Divisions 27 and 28 products, basic manufactures, manufactured arti-
(mineral fuels, minerals, crude fertilizers, and met- cles, machinery and transport equipment, and
alliferous ores) and Division 68 (nonferrous other manufactured articles and goods not elsemetals).
Other primary commodities comprise SITC where classified) excluding Division 68 (nonfer-
Sections 0, 1, 2, and 4 (food and live animals, bev- rous metals).
erages and tobacco, inedible crude materials, oils, The country groups are the same as those in
fats, and waxes) less Divisions 27 and 28. Textiles Table 12. The summary measures are weighted by
and clothing represent SITC Divisions 65 and 84 manufactured exports in current dollars.
(textiles, yarns, fabrics, and clothing). Machinery
and transport equipment are the commodities in
SITC Section 7. Other manufactures, calculated as Table 14. Balance of payments and reserves
the residual from the total value of manufactured
exports, represent SITC Sections 5 through 9 less Values in this table are in current US dollars con-
Section 7 and Divisions 65, 68, and 84.
verted at official exchange rates.
In Table 11, food commodities are those in SITC The current account balance is the difference
Sections 0, 1, and 4 and in Division 22 (food and between (1) exports of goods and services plus
live animals, beverages and tobacco, oils and fats, inflows of unrequited official and private transfers
and oilseeds and nuts). Fuels are the commodities and (2) imports of goods and services plus unrein
SITC Section 3 (mineral fuels, lubricants, and quited transfers to the rest of the world. The currelated
materials). Other primary commodities com- rent account estimates are primarily from IMF data
prise SITC Section 2 (crude materials excluding files.
fuels), less Division 22 (oilseeds and nuts), plus Workers' remittances cover remittances of income
Division 68 (nonferrous metals). Machinery and by migrants who are employed or expected to be
transport equipment are the commodities in SITC employed for more than a year in their new place
Section 7. Other manufactures, calculated as the of residence.
residual from the total value of manufactured Net direct private investment is the net amount
imports, represent SITC Sections 5 through 9 less invested or reinvested by nonresidents in enter-
Section 7 and Division 68.
prises in which they or other nonresidents exercise
The summary measures in Table 10 are weighted significant managerial control. Including equity
by merchandise exports in current dollars; those in capital, reinvested earnings, and other capital,
Table 11, by merchandise imports in current dol- these net figures also take into account the value of
lars. (See note to Table 9.) direct investment abroad by residents of the
235