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Level of Processing - Trade
Definition

The New Zealand Standard Trade Classification – Level of Processing (LOP) will be used by Statistics New Zealand and other members of the Official Statistical System (OSS) as there is identified demand for outputs produced from the classification.

Level of Processing identifies the value of trade in commodities, specifically the degree to which these commodities have been processed prior to import or export. This classification uses the Standard International Trade Classification (SITC) Rev.4 as its structural base. SITC is a statistical classification of the commodities entering external trade designed to provide the commodity aggregates needed for the purpose of economic analysis and to facilitate the international comparison of trade by commodity data.

Conceptually and structurally the new classification is similar to the 1988 New Zealand Standard Trade Classification but this new classification should not be considered as a formally reviewed and updated version of that classification. NZSTC – LOP is being introduced to provide a framework for merchandise trade data which groups commodities based on their level of processing. At the top level of the classification, commodities are divided between primary products and manufactures, which are subsequently divided into unprocessed and processed primary products, and simply and elaborately transformed manufactures. Further divisions give more detailed information on the commodity types involved.

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