|Adjustments||Not Seasonally Adjusted|
|Exports of Goods||2022 Q2||8,345,876||10,096,445||USD, NSA||Quarterly|
|Exports of Goods and Services||2021||186||371||Mil. USD||Annual|
|Imports of Goods and Services||2021||3,667||3,383||Mil. USD||Annual|
|Net Exports||2021||-3,481||-3,012||Mil. USD||Annual|
|Real Exports of Goods and Services||2021||177||348||Mil. Ch. 2012 USD||Annual|
|Real Imports of Goods and Services||2021||3,455||3,377||Mil. Ch. 2012 USD||Annual|
|Real Net Exports||2021||-3,278||-3,028||Mil. Ch. 2012 USD||Annual|
|Imports of Goods||Oct 2020||41,977,642||USD, NSA||Monthly|
This dataset provides commodity information, including sale or trade originating in Guam that is shipped to the United States or another foreign country. Agents from the Guam Customs and Quarantine Agency (GCQA) process exports at service centers located at the Port Authority of Guam and Guam International Airports. Commodities exported from Guam are identified by commodity classification codes on the shipper's export declaration forms providing the commodity trade name, U.S. dollar value and its volume based on an international standard of measurement.
Guam Bureau of Statistics and Plans uses the established simplified Harmonized System as adopted by the former Department of Commerce, as the basis for its export and import classification systems. All documents submitted to the GCQA for release of cargo must contain information as outlined in §3005.1, 3005.2 and 3005.3 of the former Department of Commerce Administrative Rules and Regulations. Section 3005.1 defines imports and exports of goods and sets up guidelines to insure certain information is included on each official import and export document. The promulgated administrative rules and regulations as authorized by Title VLIV, Chapter 1, §47064 GCA now rests with the Bureau of Statistics and Plans. The Bureau, as mandated by Public Laws No. 20-147 and 26-76, shall conduct, or cause to be conducted, investigations, studies, surveys, research and analysis relating to physical, human, social, and economic development of Guam and to publish the results. These rules and regulations concern the collecting of socio-economic information from businesses and individuals.
The source uses a staggered monthly reporting schedule which resets every 3 years. Over a 3-year period all months will be captured, analyzed and evaluated for use in macro economic forecasting.
When a commodity does not exist in a particular quarterly report, the value is set to 0.