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Questions and Answers
What is the basis for presenting trade data in the latest trade section?
What is the basis for presenting trade data in the latest trade section?
- Type of goods traded
- GDP of partner countries
- Population of partner countries
- Availability of trade data (correct)
What system is used by countries whose trade data is presented in this section?
What system is used by countries whose trade data is presented in this section?
- Most Favored Nation
- Bilateral Trade Agreement
- Harmonized System (correct)
- Generalized System of Preferences
How are trade values converted to USD?
How are trade values converted to USD?
- Using the average exchange rate of the year
- Using the exchange rate of the first day of the month
- Using a fixed exchange rate
- Using the exchange rate of the last day of the month (correct)
What exchange rate is used for December 2023 data?
What exchange rate is used for December 2023 data?
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What is the purpose of the disclaimer in the latest trade section?
What is the purpose of the disclaimer in the latest trade section?
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Study Notes
Latest Trade Data
- The latest trade data is based on information from Poland's trade partners.
- The data is presented based on availability, which means that not all countries may be included.
- Only countries that use the Harmonized System (HS) are shown in the data.
- Trade values are converted to USD (United States Dollars) for comparison.
- The conversion to USD is done using the exchange rate for each month.
- For December 2023 data, the exchange rate from December 30, 2023, is used for conversion.
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