Value (imports)

{
  "id": "MLC-T-ECS-002078",
  "term": "Value (imports)",
  "field": "Economic statistics",
  "definition": "The import data is typically based on Customs value, generally defined as the price actually paid or payable for merchandise when sold for exportation to the United States, excluding U.S. import duties, freight, insurance and other charges incurred in bringing the merchandise to the U.S. Some foreign trade publications also include imports on a cost, insurance and freight (CIF) value.",
  "subject": "Foreign trade",
  "see_also": [
    "Statistics about Foreign Trade",
    "Value"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/value-imports/"
}