Australia Import: Cost: Border Compliance

Australia Import: Cost: Border Compliance data was reported at 539.000 USD in 2019. This stayed constant from the previous number of 539.000 USD for 2018. Australia Import: Cost: Border Compliance data is updated yearly, averaging 525.000 USD from Dec 2014 to 2019, with 6 observations. The data reached an all-time high of 539.000 USD in 2019 and a record low of 525.000 USD in 2017. Australia Import: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.

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