Overview of Foreign Trade Products and Services · 2015. 8. 14. · Overview of Foreign Trade Products and Services Omari Wooden & Jeff McHugh October 17, 2012 1 . The Foreign Trade

Overview of Foreign Trade Products and Services

Omari Wooden & Jeff McHugh

October 17, 2012

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The Foreign Trade Division (FTD) is the official source for U.S. export and import statistics and is responsible for

issuing regulations governing the reporting of all export shipments from

the United States.

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Foreign Trade Division

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Today’s Topics Data Commodity

Classification Foreign Trade

Regulations (FTR) Automated Export

System (AES)

U.S. Exports to the World

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In 2011, the U.S. exported $2.1 trillion in goods and services to 240 markets worldwide.

Presenter

Presentation Notes

Common misconception that the U.S. only imports. Wallette (sp?) mentioned the National Export Initiative (2009). Goal is to double exports in 5 years. We are the scorekeeper for the NEI. 95% of consumers live outside of the United States

FT900: U.S. International Trade in Goods & Services Report

Produced by FTD and the Bureau of Economic Analysis (BEA)

Principle economic indicator

Services statistics provided by BEA

Monthly, year-to-date (YTD) and annual data

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Presenter

Presentation Notes

The FT900 is released approximately 41 days after the end of the statistical month. We provide goods data and BEA provides services. Used to calculate GDP.

FT900: Highlights

U.S. trade data Exports (seasonally and non-seasonally adjusted) Imports (seasonally and non-seasonally adjusted) Balance of trade

Commodity specific statistics Selected country and area trade data

State trade data by manufactured and non-manufactured goods

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Presenter

Presentation Notes

Again, we are the official source of U.S. trade data. Detailed data can help businesses find new markets. There are also “Highlight” reports created along with the FT900 Congressional Highlights – Selected trade highlights for the current month. Monthly Press Highlights – change in trade from the previous month and additional interesting facts about the current month, like record highs or lows. Annual Press Highlights – identical to the monthly ones, but on an annual basis.

FT920: U.S. Merchandise Trade: Selected Highlights

Domestic and Foreign Exports General, Consumption, Customs, CIF,

Dutiable Imports Country and Customs District summary Released with FT900

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Presenter

Presentation Notes

One of the few places you can get port level data Data by MOT

Additional Releases

Other Statistical Releases U.S. Imports for

Consumption of Steel Related Party Profile of U.S.

Importing and Exporting Companies

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Presenter

Presentation Notes

Imports for Consumption of Steel contain: Steel groupings as defined by the American Iron and Steel Institute Monthly commodity and country summary detail Preliminary report is released 25-30 days after the end of the statistical month Final report is released with the FT900 Related-party trade Includes trade by U.S. companies with their subsidiaries abroad as well as trade by U.S. subsidiaries of foreign companies with their parent companies These numbers are included in the FT900, but also available in a separate interactive database, PDF and Excel. Profile of U.S. Importing and Exporting Companies Annual Reports Exports by company type and employment size Exports to related parties Selected countries and world areas State of Origin Recent time period (2009-2010) identified exporters were up 6.0%

Additional Releases

Ownership Characteristics of Classifiable U.S. Exporting Firms: 2007 • Exports accounted for 14% of total

receipts for U.S. minority-owned exporters compared with 5% for U.S. nonminority-owned exporters.

• Minority-owned firms targeted different markets than their nonminority peers, increasing the global reach of U.S. businesses.

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Presenter

Presentation Notes

Joint release with Company Statistics Division. Combines the Profile of U.S. Exporting Companies and the Survey of Business Owners (SBO). Minority-owned firms accounted for a disproportionately small share of exporters relative to their numbers, but exports accounted for a larger percentage of the receipts of minority-owned exporters than for nonminority-owned exporters. Report also contains export information on Hispanic-owned, Women-owned and Veteran-owned firms. This report focuses on the characteristics of “classifiable firms,” businesses whose ownership is classifiable by their gender, ethnicity, race, and veteran status. Relatively few classifiable U.S. firms were exporters, but exporters were much larger in terms of receipts and employment, and more productive, than nonexporters.

Data Navigation The Data tab is the central navigation tool for trade statistics

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Graph of the Month

Monthly highlights in

colorful graphical formats

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Presenter

Presentation Notes

Each month, the Foreign Trade Division data dissemination branch analyzes the data and pulls out economic trends that may be interesting to the public. For August 2012, we focused on exports to Europe. Europe Debt Crisis An economic slowdown in Europe will affect U.S. exports (more info on debt crisis: http://www.nctimes.com/news/opinion/perspective/why-it-matters-europe-s-economic-crisis/article_87bc09de-7b23-5806-99d5-12f8d9469269.html)

Visualize Trade Data

Interactive graphs display the data

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Presenter

Presentation Notes

Visualize Trade Data Monthly top 15 U.S. trading partners by dollar value with…

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Interactive legends and downloadable data and images

Presenter

Presentation Notes

Just mention top 3 in both

Country Trade Balance

Current export, import, and trade balance data by month

Historical data

available Country Groups

European Union OPEC

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www.census.gov/foreign-trade/statistics/country/

Trade in Goods by Country Top Trading Partners North American Industrial Classification System

(NAICS) End-Use Standard International Trade Classification (SITC) Advanced Technology Products (ATP) Trade w/ Puerto Rico and U.S. Possessions

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Country and Product Trade Data

http://www.census.gov/foreign-trade/statistics/country/index.html

Product Detail by Country

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http://censtats.census.gov/naic3_6/naics3_6.shtml

NAICS data by Country

Country data by

NAICS Data available:

Exports Imports Monthly and Year-

to-Date

http://censtats.census.gov/naic3_6/naics3_6.shtml

Product Detail by Country

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Data available for download in .TXT and .CSV formats

Additional Classification Data

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End-Use Standard International Trade Classification

(SITC) Advanced Technology Products (ATP) 01 – Biotechnology 06 – Flexible Manufacturing

02 – Life Science 07 – Advanced Materials

03 – Opto-Electronics 08 – Aerospace

04 – Information & Communications 09 – Weapons

05 – Electronics 10 – Nuclear Technology

Presenter

Presentation Notes

End-Use (BEA) 5-digit End-Use detail by individual countries on HTML or download the entire data sets The main End-Use categories are: Food, Feeds, and Beverages Industrial Supplies Capital Goods Automotive Vehicles, etc… Consumer Goods Other Goods Exports and Imports available (also seen in our monthly charts) Annual data 2002-2011 (revised) SITC (UN) Database similar to the NAICS one already shown Country stats by 1-, 2- and 3-digit SITC (Example, 0 – live animals, 03 – fish (not sea mammals), 034 – fish fresh, chilled or frozen) Exports, General Imports (Customs and CIF) Monthly and year to date available 1996-present ATP 10 Categories combined for overall monthly export, import and balance Individual categories per country are available on a monthly basis (Biotech for all countries) Individual countries with all categories total (Albania with all 10 category data) 2003-present

Trade between the U.S. and its possessions

These data are not part of the import and export statistics

Annual PDF publication; monthly ASCII text version available for purchase

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U.S. Trade with Puerto Rico and U.S. Possessions

State Data Top 25 Harmonized System (HS) Commodity Exports and Imports by State

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Presenter

Presentation Notes

www.census.gov/foreign-trade/statistics/historical/

Annual Trade Totals, 1960 – present Monthly trade, 1993 – present

Petroleum historical data

Constant-dollar historical data

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Historical Data

http://www.census.gov/foreign-trade/statistics/historical/index.html

Schedule B Product Classification

It is important to correctly classify your product to avoid costly fines and penalties.

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https://uscensus.prod.3ceonline.com/

Presenter

Presentation Notes

There are approximately 300,000 hits/month The more accurate your product classification, the more accurate your market research is Commodity Classification Assistance Line (XXX)XXX-XXXX option X) CBP can provide a Customs ruling on import classifications. FTD maintains Schedule B classification numbers. ITC maintains Harmonized Tariff Schedule (HTS). Harmonized System administered by the World Customs Organization. 4 and 6-digit subheadings are the basis for the import and export classification systems. The International Harmonized System (HS) is administered by the World Customs Organization. The 4- and 6-digit HS headings and subheadings are the basis for the 10-digit U.S. import and export statistical classification systems, the Harmonized Tariff Schedule of the United States Annotated (HTS) for imports, and the Schedule B for exports. The HS is revised approximately every five years. The HTS is maintained by the U.S. International Trade Commission and is based on the 4- and 6-digit headings and subheadings of the international Harmonized System (HS). The Schedule B is maintained by the U.S. Census Bureau and is based on the 4- and 6-digit headings and subheadings of the international Harmonized System (HS)

https://uscensus.prod.3ceonline.com/

Schedule B Search Tool Drill down

capability Full commodity

description 2009-2010

trade export value at the 6-digit level

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Presenter

Presentation Notes

The export value figures provide a general idea of the volume of trade for your product

FTD References Announcements & Information Papers Codes Schedule B - Commodity Schedule C - Country Schedule D – District/Port Concordance

• End-Use • NAICS • SITC • ATP (HI-TECH) • HS

Guides Catalog

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www.census.gov/foreign-trade/download

U.S. Exports & U.S. Imports of Merchandise (formerly the DVDs) Export and Import Databanks State Data (OM & ZIP)

Monthly: 6-digit HS Quarterly: 3-digit NAICS; State/Region; State/Port

Port 6-digit HS Special Program Indicators (SPI – electronic version of IM146A) Trade with Puerto Rico and US Possessions (electronic version of

FT895) Textile Summary Commodity/Geographic/Textile concordances

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Data Downloads

http://www.census.gov/foreign-trade/download

USA Trade® Online USA Trade Online (www.usatradeonline.gov) is the official online source of

U.S. merchandise trade statistics

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www.usatradeonline.gov

http://www.usatradeonelin.gov/

http://www.usatradeoneline.gov/

USA Trade Online Data Offerings

Current and historical data

HS and NAICS

based statistics District, state

and port-level trade by product and country

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Data Level HS NAICS Measures District Level Annual Data 1992 – present Monthly Data 2002 – present

2-, 4-, 6- and 10- digit

3-, 4-, 5- and 6-digit HS: Total Value, Quantity and Unit Price NAICS: Total Export Value, Domestic Export

Value, Foreign Export Value, General Imports for Consumption Value, General Imports CIF Value, Imports for Consumption Customs Value, Imports for Consumption CIF Value, and Balance of Trade

Port Level Annual and Monthly Data 2003 – present

2-, 4- and 6-digit N/A Total Value, Vessel Value, Vessel SWT, Air Value, Air SWT, Containerized Vessel Value and Containerized Vessel SWT

State Level Annual and Monthly Data Exports 2002 – present Imports 2008 – present

2-, 4-, 6-digit 3- and 4-digit Total Value, Vessel Value, Vessel SWT, Air Value, Air SWT, Containerized Vessel Value and Containerized Vessel SWT

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USA Trade Online Data Offerings

USA Trade Online Features Report Features include: Rank Order Top/Bottom

Reduction Suppression My Reports Download Options

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Additional Features

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Geographic and Organizational Country Groupings

Customized Groupings Country Commodity State Port District

State Export Report Sample

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Use USA Trade Online to identify Pennsylvania’s top 10 export destinations!

State Export Report Sample

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Use USA Trade Online to identify California’s top 10 export commodities!

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Foreign Trade Regulations (FTR) &

Automated Export System (AES)

Legal Requirements Census Bureau Foreign Trade Regulations (FTR) Title 15 Code of Federal Regulations, Part 30 Bureau of Industry and Security (BIS) Export Administration Regulations (EAR)

Customs and Border Protection (CBP) Customs Regulations State Department International Traffic in Arms Regulations (ITAR)

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Presenter

Presentation Notes

READ Census BIS – EAR and DUAL USE ITEMS, EXPLAIN CBP – GATEKEEPERS, 30+ REGULATIONS STATE – WEAPONS, MUNITIONS, ANYTHING THAT GOES BOOM OR MAKES OTHER THINGS GO BOOM SHORTEN!!!!!!!!!!!!!!!!!!

Background and Collection History

• The Census Bureau’s Foreign Trade Division (FTD) is responsible for: – Collecting and disseminating international trade

statistics – Providing regulatory oversight for the collection of

export information via the Automated Export System • AES is a cross agency collaborative effort between

the U.S. Census Bureau, U.S. Customs and Border Protection and other federal agencies

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Presenter

Presentation Notes

FTD is responsible for the collection and dissemination of international trade statistics and providing regulatory oversight for the collection of export information via the AES The trade balance is an essential principal economic indicator and assists U.S. businesses in developing export marketing strategies At this time 5-10 years ago, we were collecting approx. 500,000 paper documents per month, 6 million per year. Based on our analysis, every other document had some type of error or omission. With electronic reporting through the AES, and up front edits our compliance rate is approximately 98-99%, versus 50% with paper documents. Also, to facilitate exports, Census Bureau offers the AESDirect system to report export information, free of charge to the user. It was originally designed for small to mid-size companies to ease their reporting burden of electronic export information.

Foreign Trade Regulations 15 CFR Part 30

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The Foreign Trade Regulations (FTR) set forth roles and responsibilities for all parties involved in the export transaction, including: Information to be reported in the Automated Export System Definitions of terms Penalty provisions Reporting requirements based on method of transportation Exemptions and exclusions from reporting requirements

Presenter

Presentation Notes

The Foreign Trade Division of the US Census Bureau is responsible for writing and maintaining the Foreign Trade Regulations. The FTR sets forth the roles and responsibilities for all parties involved in the export transaction. Within the FTR you will find a wealth of information. All the information required to be reported in the AES. There is a definition of many of the common exporting terms, such as consignee, port of export, etc. Most important, you will find information regarding penalties if you violate these regulations. The regulations also provide timeframes and guidelines based on the mode of transportation, such as air, vessel, truck or rail. Also, there are cases known as exemptions and exclusions where you don’t have to report export information, such as low value shipments or exports to Canada. Other information found in the regulations that can help you with your export transaction, a sample power of attorney and written authorization and a concordance between the existing regulations and the previous regulations.

Foreign Trade Regulations

Electronic Export Information (EEI) data elements, including, but not limited to:

1. Name and address of USPPI

2. Country of ultimate destination

3. U.S. State of origin

4. Method of transportation

5. Commercial description of commodities

6. Port of export

7. Schedule B or HTSUSA

8. Quantities & unit of measure

9. Value

10. Carrier information

11. All licensing information, if applicable

12. Ultimate and intermediate consignee

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Automated Export System

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AES is a cross agency collaborative effort between the U.S. Census Bureau, U.S. Customs and Border Protection and other federal agencies to allow for exports to be reported electronically. Benefits of electronic reporting:

• Improves trade statistics • Improves compliance for export community • Response messages returned within minutes • Reduces reporting burden

AES Background

• Automated Export System (AES) is the only system that collects U.S. export data electronically

• Joint venture between the U.S. Census Bureau, the U.S. Customs and Border Protection (CBP), other government agencies and trade community

• Filing of Electronic Export Information (EEI) to the AES is mandated

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Presenter

Presentation Notes

Let’s begin with some background information regarding the Automated Export system. The U.S. Census Bureau’s Foreign Trade Division is responsible for collecting, compiling and publishing data on U.S. exports, imports and merchandise trade balances. We have the authority to collect the data under Title 13, United States Code, chapter 9 , section 301. The data we collect are essential and are used in many ways. For example plays a key role in formulating policy decisions affecting the economy, export marketing strategies for U.S. businesses. The data is used by other government agencies as well as the private sector. Let me explain the export process, the export process begins when a USPPI (referred to as the exporter), decides to export merchandise out of the U.S. The USPPI or an Authorized U.S. Agent makes the shipping arrangement with the carrier to to move the merchandise from the U.S. For example, I manufacture widgets, and I sell my product to a buyer in Japan. I am mandated by law to report this information via the Automated Export System This is a joint venture with Customs, other agencies and the trade community. Filing electronically reduces the paper burden, eliminates the poor quality of data received when reporting on the paper Shipper’s export declaration. Filing electronically captures valid and accurate data.

Automated Export System Uses

• CBP uses AES to verify shipments directly at the port.

• BIS uses AES to track export license transactions and

to validate end users.

• State Department uses AES to track export license

transactions and to automatically decrement values

on some license types.

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Growth in AES

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98%

2%

AES Filers AESDirect - 48,961 AES - 928

In December 1999, there were 436 AES filers that filed 602,329 shipments.

In July 2012, there were 49,889 AES filers that filed 1,288,319 shipments.

98% of all current AES filers communicate to the AES via the AESDirect Internet system.

Presenter

Presentation Notes

Foreign Trade Division Outreach

DOC Export Compliance Program

AES Compliance Review Program

Company Training

Spanish Seminars

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Export training videos http://www.census.gov/foreign-trade/aes/exporttraining/videos/index.html

Global Reach Blog http://globalreach.blogs.census.gov

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FTD Training Tools

Presenter

Presentation Notes

MENTION that videos are on YouTube, and our site, here are the links… THIS ENDS MY PRESENTATION ON PENALTIES, and I’LL TURN IT OVER TO JENNIFER

http://www.census.gov/foreign-trade/aes/exporttraining/videos/index.html

http://globalreach.blogs.census.gov/

FTD Training Tools

• AES Newsletters

• TradeSource

• Foreign Trade Agreement Tariff Tool (FTA) http://export.gov/FTA/FTATariffTool

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http://export.gov/FTA/FTATariffTool

Fundamentals of Exporting Webinar Series

All webinars are stored at the following website: http://www.census.gov/newsroom/releases/archives/news_conferences/webinars_exporting.html

Understanding the Basics: Introduction to Foreign Trade Statistics Discovering New Markets — Utilizing USA Trade Online All Products Have a Classification Number — Learn How to Find

Yours Foreign Trade Regulations — Demystifying the Rules of Exporting Filing Export Information Electronically — The ABCs of AES Your Free Tools of Trade — AES Direct and AESPcLink Getting it Right the First Time — How to Avoid Common Penalties What is a Foreign Trade Zone and How Can It Help You?

Presenter

Presentation Notes

It has been my pleasure to present “The Foreign Trade Statistics – Understanding the Basics” to you today. Here is list of our upcoming webinars and their dates. The link at the top will take you to the site you can use to register for the next one, Discovering New Markets — Utilizing USA Trade Online: July 25, 2012 Remember, all of these webinars are free!

http://www.census.gov/newsroom/releases/archives/news_conferences/webinars_exporting.html

For More Information

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FTD Call Center: 1-800-549-0595 • Option 1 – AES Assistance • Option 2 – Commodity Classification Assistance • Option 3 – Regulations Assistance • Option 4 – Data Dissemination Branch

Fax: 301-763-8835 E-mail:

AES: [email protected] Commodity Classification: [email protected] Regulations: [email protected] Data: [email protected]

mailto:[email protected]




Questions?

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Documents

Overview of Foreign Trade Products and Services · 2015. 8. 14. · Overview of Foreign Trade Products and Services Omari Wooden & Jeff McHugh October 17, 2012 1 . The Foreign Trade