Foreign Port Value
From Open Risk Manual
Definition
Foreign Port Value. The value of an imported product before transportation costs, insurance, or customs duties associated with delivering the product to the United States.
When these costs are added, the value of the product is measured at domestic port value. The sum of imports in final uses (shown at domestic port value) is equal to the foreign port value of the imports, with adjustments for domestically produced transportation costs, insurance, and duties.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
