Standard International Trade Classification (SITC) is a classification of goods used to classify the exports and imports of a country to enable comparing different countries and years. The classification system is maintained by the
United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmoni ...
. The SITC classification, is currently at revision four, which was promulgated in 2006.
The SITC is recommended only for analytical purposes - trade statistics are recommended to be collected and compiled in the
Harmonized System
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has ...
instead.
The following excerpt was taken from the United Nations Statistics Division, international trade statistics branch:
"For compiling international trade statistics on all merchandise entering international trade, and to promote international comparability of international trade statistics. The commodity groupings of SITC reflect (a) the materials used in production, (b) the processing stage, (c) market practices and uses of the products, (d) the importance of the commodities in terms of world trade, and (e) technological changes."
"The United Nations Statistics Division"
Standard International Trade Classification
See also
*Harmonized System
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has ...
*Broad Economic Categories {{unref, date=May 2018
The Broad Economic Categories (BEC) is a three-digit classification, which groups transportable goods according to their main end use. It is most often used for the general economic analysis of international merchandise trade ...
* Combined Nomenclature
References
External links
Download List of products in SITC from World Bank
Economic taxonomy
International trade
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