Consumption

{
  "id": "MLC-T-ECS-000376",
  "term": "Consumption",
  "field": "Economic statistics",
  "definitions": [
    "Materials used in producing or processing a product or otherwise removing the product from the inventory.",
    "(imports only) Measures the total of merchandise that has physically cleared through Customs either entering consumption channels immediately or entering after withdrawal for consumption from bonded warehouses under Customs custody or from Foreign Trade Zones. Many countries use the term \"special imports\" to designate statistics compiled on this basis."
  ],
  "subject": "Foreign trade",
  "see_also": [
    "Foreign Trade Zone",
    "Statistics about Foreign Trade"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/consumption/"
}