What is statistical value in SAP SD-FT - Foreign Trade?

SAP Term: statistical value

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A net domestic value fair market value of a product when it crosses a border. Fair market value is the price the product is sold at in the manufacturer's domestic market. This value is needed for each exported or imported item for intra-European Union trade statistics INTRASTAT declarations. It is used as for foreign trade statistics.

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• Key Concepts: 
  Statistical value is a term used in SAP Foreign Trade (SD-FT) to refer to the value of goods for statistical purposes. This value is used to calculate the customs duties and taxes that are applicable to the goods. It is usually calculated based on the price of the goods, but can also be based on other factors such as weight or volume. 
  
  How to use it: 
  In SAP Foreign Trade, statistical value is used to determine the customs duties and taxes that are applicable to the goods. The statistical value can be calculated based on the price of the goods, or it can be based on other factors such as weight or volume. The statistical value must be entered into the system in order for the customs duties and taxes to be calculated correctly. 
  
  Tips & Tricks: 
  When calculating the statistical value, it is important to ensure that all relevant factors are taken into account. For example, if the goods are being shipped from one country to another, then any applicable exchange rates should be taken into account when calculating the statistical value. Additionally, any discounts or other adjustments should also be taken into account when calculating the statistical value. 
  
  Related Information: 
  For more information about SAP Foreign Trade and how to calculate statistical values, please refer to SAP's official documentation on Foreign Trade (SD-FT). Additionally, there are many online resources available that provide detailed information about how to use SAP Foreign Trade and how to calculate statistical values.