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Balance of Payments Transaction Code

General trade, transaction code 101010.

Processing trade with imported materials, transaction code 102030.

Processing with supplied materials, transaction code 102010.

Border trade, transaction code 101040.

The above are the revenue and expenditure transaction codes corresponding to the more common trade methods. There are 335 types. I don’t know what kind of trade form your company has. Just look for the trade form on your customs declaration. The corresponding transaction code.

Extended information:

Terms of trade:

The exchange ratio of exported goods to imported goods. Also known as the price comparison of imports and exports, it is usually represented by an index, that is, the price comparison index of imports and exports. The calculation formula is: terms of trade index = export price index/import price index × 100.

For example, if the previous year is taken as the base period, the price index of import and export commodities is both 100, and the prices of import and export commodities have increased, but the degree of increase is different. The price of export commodities has increased by 10, and the price of imported commodities has increased by 5. Then the trade The condition index increases.

The terms of trade index is higher than the base period, which means that the price of export commodities has increased relative to the price of imported commodities. That is, the country can exchange fewer export commodities for more imported commodities, which is good for the country. It will be beneficial in the future because of the improvement of foreign trade conditions.

On the contrary, if the price index of imported goods increases faster than that of exported goods, or even the price index of exported goods remains unchanged or decreases, then the terms of trade index is lower than that of the base period, which means that a country has to export more goods in exchange for Importing the same goods as before, obviously this is detrimental to the country and is a deterioration in the terms of trade.

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