A customs transit statistic documents the quantity, value, and routes of goods moving under customs supervision through one or more countries without incurring import or export duties – goods remain in customs transit status and are not considered imported until they reach their final destination or are released for consumption.
Source: https://www.wcoomd.org/en/topics/facilitating-trade/transit.aspx
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.