Advanced Technology Products

{
  "id": "MLC-T-ECS-000025",
  "term": "Advanced Technology Products",
  "field": "Economic statistics",
  "definition": "About 500 of some 22,000 commodity classification codes used in reporting U.S. merchandise trade are identified as \"advanced technology\" codes and they meet the following criteria:\n\n• The code contains products whose technology is from a recognized high technology field (e.g.), biotechnology).\n\n• These products represent leading edge technology in that field.\n\n• Such products constitute a significant part of all items covered in the selected classification code.\n\nThis product and commodity-based measure of advanced technology differs from broader North American Industry Classification System (NAICS) industry-based measures which include all goods produced by a particular industry group, regardless of the level of technology embodied in the goods. ATP classifications are assigned by the Foreign Trade Division of the U.S. Census Bureau.",
  "subject": "Foreign trade",
  "see_also": [
    "North American Industry Classification System",
    "Statistics about Foreign Trade"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/advanced-technology-products/"
}