|Previous versions||SITC (1950)
SITC Revised (1966)
SITC Rev.2 (1976)
SITC Rev.3 (1986) - http://unstats.un.org/unsd/cr/registry/regcst.asp?Cl=14|
|Description||SITC is used 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 majority of countries and international organizations continue to use SITC for various purposes, such as study of long-term trends in international merchandise trade and aggregation of traded commodities into classes more suitable for economic analysis of trade.
Intended users are data compilers, economists, researchers and market analysts.
Correspondences with Classification by Broad Economic Categories (BEC), the Harmonized Commodity Description and Coding System (HS), Central Product Classification (CPC) and the International Standard Industrial Classification of All Economic Activities (ISIC) exist.
|Maintenance organization|| United Nations Statistics Division (UNSD)|
|Statistical domains|| 2.6 International trade and balance of payments, 4.2 Classifications|
|Type of standard||Classifications|
|Languages|| Arabic, Chinese, English, French, Russian, Spanish|
|Information last updated||09/09/11|