Country of destination is used for exports. In addition, adjustments for late response in intra-EU trade are made. These adjustments may be based on historical data or VAT-information. Valuation adjustments are made to convert reported invoice values in respect of intra-EU trade into statistical values. A small portion is declared on paper and is keyed in at Customs or at the statistical office.
All further processing takes place at the statistical office.
Data should be received by the statistical office on the 10th day after the reference month. However, late declarations are attributed to the correct transaction month up till six months after the closing of the reference year. Reconciliation with partner country data occurs on an ad-hoc base. There is no standardized procedure to perform reconciliation exercises on a regular basis. The import and export of goods are influenced by seasons and trading days.