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Data sourced from the U.S. Census Bureau and Bureau of Economic Analysis (BEA), enhanced with AI. Provided for informational purposes only and may differ from official sources.
A trade term where the price includes the cost of the goods plus insurance and freight charges to the destination port. CIF value is typically 3-10% higher than FOB. Some countries report imports at CIF value; the U.S. uses customs value (similar to FOB) as the primary import valuation.