United States US: Imports: Lead Time: Documentary Compliance

United States US: Imports: Lead Time: Documentary Compliance data was reported at 7.500 Hour in 2017. This stayed constant from the previous number of 7.500 Hour for 2016. United States US: Imports: Lead Time: Documentary Compliance data is updated yearly, averaging 7.500 Hour from Dec 2014 (Median) to 2017, with 4 observations. The data reached an all-time high of 8.000 Hour in 2014 and a record low of 7.500 Hour in 2017. United States US: Imports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.

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