International Monetary Fund / Statistics Dept - 2017
imports from country B, then A's data for imports are used to estimate B's exports. Because imports are valued on a cost …, insurance, and freight (CIF) basis and exports on a free on board (FOB) basis, the data are adjusted for the cost of freight and … insurance. A CIF/FOB factor of 1.06 is currently used. Reported imports CIF are divided by 1.06 (i.e., the CIF/FOB factor) to …