- Foreign Trade Index :An indicator that measures changes in the foreign trade unit price (Import, Export) between two time periods
- Base Year: It is the year or period which the prices of the comparison year or comparison period are attributed to. When the base year is chosen, it should be a normal period characterized by stability and being free from sudden and serious conditions, such as economic crises and wars. It must also be relatively close to the comparison period, which is usually 12 months. It can be taken as a fixed or a variable base, so its prices are attributed to its previous prices only.
- Comparison Year: It is the year or a period where its prices are attributed to the base year in order to measure changes in prices.
- Relative Importance (Weighting): When preparing the unit value average index, the volume of the comparison, the value averages of the base year has been used for weighting according to Laspeyres collective style.
- Harmonized System: A system set out in a systemized form coding, designations and description of goods including their payable customs duties. It is a universally accepted classification system for trade goods, used to classify products and their corresponding tariff.
- Import: declaration is processed in the event of goods being imported to the local market from other countries against the payment of customs duty or duty exempted whichever is applicable.
- Exports: according to the foreign trade system, it means all goods that have been produced or manufactured domestically or that have undergone an industrial operation that changed their form and value and are intended for export outside the UAE.