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Revision as of 23:37, 9 January 2007
SITC, Standard International Trade Classification
Maintained by the United Nations, SITC is a classification of goods used to classify the exports and imports of a country to enable comparing different countries and years. The SITC classification, currently at revision three is to be standard. The last revision was made in 1986 and there is no plan for further revisions.
From The United Nations Statistics Division, international trade statistics branch:
"For compiling international trade statistics on all merchandise entering international trade, and to promote international comparability of international trade statistics. The commodity groupings of SITC reflect (a) the materials used in production, (b) the processing stage, (c) market practices and uses of the products, (d) the importance of the commodities in terms of world trade, and (e) technological changes."