The adjustments presented in the attached reconciliation tables do not represent revisions to either country's official statistics. These adjustments estimate the effect of conceptual and definitional differences between each country's import statistics, and the counterpart's export statistics. In general, the adjustments do not imply errors in either country's published statistics. The technical notes accompanying the reconciliation tables provide detailed explanations for each adjustment. U.S. exports are valued on an f.a.s.
Australian imports are on a customs value basis.
Customs value is the f.o.b. These adjustments represent the steps needed to transform U.S. published exports to the same basis as Australia's published imports. They generally do not reflect revisions or errors in either country's statistics. These goods will generally be recorded in Australian statistics as imports from the country of origin, not from the United States. If, in fact, some of these transactions have been recorded in Australian import statistics as originating in the United States, this adjustment may be overstated.