The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
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Goods sent to Finland for processing charged to a foreign producer
When goods are sent to Finland for processing, the producer owns the raw materials and the finished product and carries the risk for the whole production process. Economic ownership is abroad. The foreign producer pays to the Finnish processor, which can also be its affiliate, compensation for the work done (service). The manufacturing premium is recorded in balance of payments in Finland's exports of services. Goods imported to Finland for processing and finished goods exported back from Finland are removed in the balance of payments from Finland's goods trade, because their ownership does not change.
Statistics using the definition
Validity of the definition
- Valid
Source organisation
- Tilastokeskus
Related concepts
Jaa