This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
Yes - value of export merchandise trade |
|---|---|
| Definition |
The “Value and Volume of International Trade/Merchandise Trade” indicator measures both the monetary value and the physical quantity (volume) of goods traded between Vanuatu and the rest of the world. This indicator includes exports and imports of goods, providing insights into the country’s trade performance and economic integration with global markets. |
| Concept |
This indicator tracks the performance of Vanuatu’s international trade by assessing both the value (in monetary terms) and the volume (in physical quantities) of merchandise traded. The value of trade refers to the total monetary worth of goods exported and imported, expressed in the national currency. The volume of trade refers to the total quantity of goods traded, measured in tons. |
| Disaggregation |
Commodity |
| Rationale |
Monitoring the value and volume of international trade is crucial for understanding the economic health and trade competitiveness of a country. The value of trade helps assess the financial impact of trade activities on the economy, while the volume of trade offers insights into the physical scale and demand for goods. |
| Method of Computation |
To compute the “Value and Volume of International Trade/Merchandise Trade,” first collect data on the total monetary value of exports of goods for the reporting period from sources such as customs authorities or trade databases. Then, collect data on the physical quantity of goods traded during the same period, measured in metric tons or other relevant units. Aggregate the data for exports to obtain the total trade value and volume. Formula: Total Trade Value=Total Value of Exports Total Trade Volume=Total Volume of Exports |
| Sustainable Development Goal Indicator Alignment |
8.a.1 17.12.1 |
| Unit of Measurement |
Vatu in Million & Kilograms in Tonnes |
| Frequency of Collection |
Monthly |