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Why does U.S. international trade data differ from the data of other countries, such as Canada and Mexico, and what types of trade data reconciliation occurs?

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Why does U.S. international trade data differ from the data of other countries, such as Canada and Mexico, and what types of trade data reconciliation occurs?

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Official U.S. international trade statistics may differ from similar data reported by other countries. For example, the U.S. government may report U.S. exports to Mexico for a specific amount. The Mexican government may report a different number for Mexican imports from the United States. In theory, these figures should be quite comparable. Depending on the trade partner they may be. However, differences do occur at both the aggregate and detailed levels of trade (for example, at the commodity or modal level). These differences occur due to the different types of processing, quality assurance, editing and validation that each country may perform on its data once it is reported to the government. An example of one specific difference is with shipments of a “low-value”. The United States does not require that information be filed on imports or exports below a defined level (for example, less than $2,500 for exports). In contrast, some countries record all transactions regardless of value

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