What is extra-European Union trade statistics in SAP (SD-FT - Foreign Trade)?

SAP Term: extra-European Union trade statistics

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The exchange of goods between European Union member nations and countries outside the European Community.

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• Key Concepts: 
  Extra-European Union trade statistics is a component of the SAP SD-FT Foreign Trade module. It is used to track and analyze the import and export of goods and services between countries outside of the European Union. This includes tracking the origin and destination of goods, the value of goods traded, and the taxes and duties associated with each transaction. 
  
  How to use it: 
  The extra-European Union trade statistics component of SAP SD-FT Foreign Trade can be used to track and analyze the import and export of goods and services between countries outside of the European Union. This includes tracking the origin and destination of goods, the value of goods traded, and the taxes and duties associated with each transaction. The data can be used to generate reports that provide insights into international trade patterns, as well as to identify potential opportunities for growth. 
  
  Tips & Tricks: 
  When using extra-European Union trade statistics in SAP SD-FT Foreign Trade, it is important to ensure that all data is accurate and up-to-date. This will ensure that reports generated from this data are reliable and provide an accurate picture of international trade patterns. Additionally, it is important to ensure that all taxes and duties associated with each transaction are accurately tracked in order to avoid any potential penalties or fines. 
  
  Related Information: 
  The extra-European Union trade statistics component of SAP SD-FT Foreign Trade is closely related to other components such as customs management, export control, and global trade services. These components can be used in conjunction with extra-European Union trade statistics in order to gain a more comprehensive understanding of international trade patterns. Additionally, these components can be used to identify potential opportunities for growth in international markets.