Not because of income and expenditure incurred import and export commodities. Also known as the invisible transactions invisible import and export. Comprising: With labor income and expense items of goods and people and the international movement occurs, such as cargo freight, insurance, passenger fees, travel expenses; return on investment projects by the international movement of capital arising, such as profits, interest , dividends, rents, etc; as well as funding institutions abroad, expatriate remittances, patent fees and other income items. Expenditure belonging to these programs constitute an invisible import; income belonging to these items constitute invisible exports. The visible trade balance (trade balance) and invisible trade balance (non-trade balance) constitute the main part of the balance of payments current account.
Trade is divided into many types, there are many technical terms, there are foreign trade, domestic trade, international trade, foreign trade and so on.
What is the international trade? What is foreign trade? What is the overseas trade?
A: International Trade (International Trade) generally refers to countries (or regions) carried out between the currency as a medium of exchange of commodities activities. It contains tangible goods (physical goods) exchange, also includes intangible goods (labor, technology) exchange, but also called the world trade (World Trade).
Foreign Trade (Foreign Trade) is specific goods, services and technology exchange activities at the country's international trade activity in a country or region with other countries carried out. This is based on a country or region to look at it with other countries or regions of merchandise trade. Sometimes also referred to as foreign trade (ExternalTrade).
Overseas Trade (Oversea Trade) refers to the foreign trade of some island nations such as Britain, Japan and other countries or regions, such as some of the islands of Taiwan.
What is the export trade? What is the import trade? What is the re-export trade?
A: The export trade is the national production or processing of goods (including their own labor) exports to foreign markets for sale of foreign trade activities. Carrying out foreign trade activities, often encounter two have "export" word, but the meaning is different concepts, should pay attention to the difference between them: one for net exports. This specifically refers to the export of similar goods is greater than the part of the imports of similar goods; the other for re-export trade. This means that after buying foreign goods and raw output to foreign trade activities. Import trade is entered after the foreign produced or processed goods (including foreign-owned services) purchase their own markets trading activities. Entrepot trade is different from the producer and consumer of commodities directly buy and sell goods and commodities direct trade practices put forward. It refers to the commodity-producing countries and consuming countries and Suppliers for some reason can not be directly traded commodity, and trading activities of goods shall be carried out through third countries. A third country is not only the identity of the intermediaries, but also the owner, but also to profit from such transactions. This form is the entrepot trade. Third countries to participate in such activities, must value transfer activities buying and selling of goods ---. But not necessarily to go through the physical transfer of goods, and can not go through their direct transport of goods production and consumption country.
What is visible trade? What is the invisible trade?
A: The visible trade refers to trade physical commodities in the import and export trade, because these commodities tangible help is called visible trade. Import and export trade should be visible customs formalities and customs reflected in the import and export statistics of foreign trade volume to form a country for a certain period. In order to facilitate the United Nations statistics, the tangible goods into 10 categories, 63 chapters, 233 groups, 786 groups, 1924 basic items, including almost all the country's merchandise trade.
Standard International Trade Classification of various types of trade names as follows:
0 food and live animals mainly for human consumption
Class 1 drinks and tobacco category draw grass
Class 2 non-food raw materials (excluding fuel)
Class 3 mineral fuels, lubricants and related substances
Class 4 move, vegetable oils, fats and waxes
Category 5 chemicals and related products at the end of the column name
Class 6 manufactured goods classified mainly by material
7 types of machinery and transport equipment
Class 8 miscellaneous manufactured articles
Class 9 other commodities not classified
Invisible trade refers to international trade in commodities trading is conducted no material form: mainly refers to services, technology and finance. Not normally invisible trade customs formalities, customs reflected in export statistics do not come out, and reflected in the balance of payments. Invisible trade is an important part of a country's international balance of payments.
What is the transit trade? What is the total trade? What is a specialized trade?
A: Nail country transit trade is transported goods to country B, because of geographical reasons must pass through a third country, for third countries, although not directly involved in the transaction, but the item will be out of the country's territory or the customs territory and to after customs statistics, which constitutes part of the country's import and export trade.
The total border trade refers to a statistical method as the standard division of import and export, also known as total trading system. Total trade can be divided into Italian imports and total exports. Those who enter the territory of a State shall be included in the total imports of goods, after including imports and imports for the rear portion of domestic consumption to become part of the re-export or transit; those who leave a country's territory will be included in the total export of goods, including the export of domestic products, re-export and re-export or transit of some foreign goods. Total imports and total exports constitute the total trade. Total trade statistics methods adopted country more than 90 countries and regions in the United States, Britain, Japan, Canada, China and so on.
Specifically refers to the trade off for the division of imports and exports standard statistical methods, also known as the special trade system. Special trade can be divided into specialized import and export specially. Specifically refers to foreign goods imported into the customs territory to the payment of customs duties, after customs clearance can be called by the special imports. Specifically refers to exports from the customs territory of the country shipped out domestic products and imported unprocessed and shipped out of the customs territory of the re-exported goods. Specialized specialized exports plus imports constitute a country's total trade specifically. Use of special trade statistics methods countries are Germany, Switzerland, France, more than 80 countries and regions.
International trade and domestic trade what similarities and differences?
A: The international trade and domestic trade has some commonality, but also there is a certain degree of difference. Commons as follows:
(1) in the same position in the social reproduction. Engaged in international trade exchange between countries of goods and services, the domestic trade is the exchange of goods and services within the national boundaries, although the scope of activities vary, but are commercial activities, are in the process of social reproduction exchange links, in the process of social reproduction of an intermediary position.
(2) have a common commodity movement. Transaction process of international trade and domestic trade of similar, but the way the movement of commodity circulation was exactly the same, namely: G-W-G. Objective providers Lu business is to get more business profits through the exchange.
(3) the same basic functions are governed by the laws of commodity economy and constraints. The basic functions of international trade and domestic trade of all media into a commodity exchange, that doing business. Other activities such as financing, storage, transport, customs must serve it; at the same time, you must follow the basic law of commodity economy, such as: the law of value, the law of supply and demand, saving time pattern of circulation and the like. These laws will be in a certain time and extent of the impact of international and domestic trade. Whether in international or domestic trade must follow the economic laws, not against. The main difference as follows:
Different (1) language, laws and customs. International trade activities will first encounter differences, must first overcome these obstacles, otherwise we can not properly conduct trade negotiations, contracting, dealing with trade disputes, conducting market research. Although domestic trade will also encounter some of the language, customs and habits of the difference, but the difference is much smaller.
(2) among different national currencies, weights and measures, customs and other systems. International exchange of commodities, experience and payable in foreign currency exchange rates and frequent changes, as well as weights and measures between countries, customs regimes are quite different, and many other issues, such international commodity exchange activities complicated. In contrast, domestic trade is much simpler.
Different (3) countries' economic policies. Economic policies of each country mainly for its economic development work, but will to some extent affect the conduct of international trade, and many policies will vary depending on the economic situation, different rulers change. Here's monetary policy, industrial policy, import and export management policies, tariff policy, etc., engaged in international commodity exchange activities must study these policies. Domestic Trade of content is much less.
Risk (4) is larger than the international trade and domestic trade. Commodity exchange is inseparable from the natural competition there is considerable risk. But in comparison, the risk of international trade more greater. Its performance in credit risk, commercial risk, price risk, exchange rate risk, transportation risk and political risk and so on.