Glossary:Manufactured good
A manufactured good is a good that is produced mainly by the application of labour and capital to raw materials and other intermediate inputs. As such, manufactured goods are the opposite of primary goods, but include intermediate goods as well as final goods. They include steel, chemicals, paper, textiles, machinery, clothing, vehicles, etc.
The Standard international trade classification distinguishes four main categories (sections) of manufactured goods:
- Chemicals (SITC 5);
- Manufactured goods classified chiefly by material (SITC 6);
- Machinery and vehicles (SITC 7);
- Miscellaneous manufactured articles (SITC 8);
Sections 6 and 8 are often grouped together as ' Other manufactured goods'.