Trade

Export Value per Entrant: Third Quartile is a country-year indicator showing the 75th percentile of export value among firms entering export markets. It is calculated from …

Export Value per Entrant: First Quartile is the 25th percentile of export values recorded for exporters entering a country’s export market in a given year. It …

Export value per exporter: median is the median value of exports recorded for individual exporters in a given country and year. It represents the midpoint of …

EU enlargement is the process through which European states join the European Union under the Union’s accession rules. After the original six EEC members, membership expanded …

The European Economic Area (EEA) is a framework that links the EU single market with Iceland, Liechtenstein and Norway, although these three countries are not EU …

A letter of credit is a bank’s commitment to pay an exporter or other named beneficiary once the documents presented meet the conditions set out in …

Errors and omissions is a residual entry in balance-of-payments statistics. It is used when the recorded values of transactions do not produce the equality required by …

Errors and omissions is the balancing item in a country’s balance of payments. It records the net discrepancy between the measured entries in the current, capital …