Recent trends in transport and insurance costs and estimates at disaggregated product level:
This paper updates the OECD International Transport and Insurance Cost (ITIC) of Merchandise Trade database, which covers more than 180 countries and partners, and over 1000 products from 1995 to 2020. Transport and insurance costs, also known as CIF-FOB margins, are estimated using a gravity model....
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Statistics Working Papers
no.2022/02 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper updates the OECD International Transport and Insurance Cost (ITIC) of Merchandise Trade database, which covers more than 180 countries and partners, and over 1000 products from 1995 to 2020. Transport and insurance costs, also known as CIF-FOB margins, are estimated using a gravity model. A cross-validation procedure is used to evaluate model performance. In addition to describing the methodology, the paper highlights that transport and insurance costs are declining as a fraction of trade value, but this reduction has been flattening out in more recent years. However, an alternative measure, the explicit CIF-FOB margins per kilogramme imported, suggests that transport and insurance costs have been actually rising since 2002. Both CIF-FOB margins and cost per kilogramme imported show increases in 2020 when compared to 2019. This is robust to corrections for compositional changes. The methodology is used to produce the International Transport and Insurance Costs of Merchandise Trade data base and the data is made publically available on .Stat under the International Trade and Balance of Payments heading. |
| Beschreibung: | 1 Online-Ressource (33 p.) 21 x 28cm. |
| DOI: | 10.1787/b5dbab02-en |
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| spelling | Miao, Guannan VerfasserIn aut Recent trends in transport and insurance costs and estimates at disaggregated product level Guannan, Miao and Enrico, Wegner Paris OECD Publishing 2022 1 Online-Ressource (33 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Statistics Working Papers no.2022/02 This paper updates the OECD International Transport and Insurance Cost (ITIC) of Merchandise Trade database, which covers more than 180 countries and partners, and over 1000 products from 1995 to 2020. Transport and insurance costs, also known as CIF-FOB margins, are estimated using a gravity model. A cross-validation procedure is used to evaluate model performance. In addition to describing the methodology, the paper highlights that transport and insurance costs are declining as a fraction of trade value, but this reduction has been flattening out in more recent years. However, an alternative measure, the explicit CIF-FOB margins per kilogramme imported, suggests that transport and insurance costs have been actually rising since 2002. Both CIF-FOB margins and cost per kilogramme imported show increases in 2020 when compared to 2019. This is robust to corrections for compositional changes. The methodology is used to produce the International Transport and Insurance Costs of Merchandise Trade data base and the data is made publically available on .Stat under the International Trade and Balance of Payments heading. Economics Wegner, Enrico MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/b5dbab02-en Volltext |
| spellingShingle | Miao, Guannan Recent trends in transport and insurance costs and estimates at disaggregated product level Economics |
| title | Recent trends in transport and insurance costs and estimates at disaggregated product level |
| title_auth | Recent trends in transport and insurance costs and estimates at disaggregated product level |
| title_exact_search | Recent trends in transport and insurance costs and estimates at disaggregated product level |
| title_full | Recent trends in transport and insurance costs and estimates at disaggregated product level Guannan, Miao and Enrico, Wegner |
| title_fullStr | Recent trends in transport and insurance costs and estimates at disaggregated product level Guannan, Miao and Enrico, Wegner |
| title_full_unstemmed | Recent trends in transport and insurance costs and estimates at disaggregated product level Guannan, Miao and Enrico, Wegner |
| title_short | Recent trends in transport and insurance costs and estimates at disaggregated product level |
| title_sort | recent trends in transport and insurance costs and estimates at disaggregated product level |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/b5dbab02-en |
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