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CIF/FOB margins: Insights on global transport and insurance costs of merchandise trade

Author

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  • Andres Fiallos
  • Antonella Liberatore
  • Steven Cassimon

Abstract

This paper presents the 2024 version of the OECD International Transport and Insurance Cost of Merchandise Trade (ITIC) database, offering insights into bilateral international transport and insurance costs across more than 200 countries and their trading partners. Covering over 1 200 products from 1995 to 2022, the database combines officially reported information with estimates based on a gravity model. The model operates at a detailed six-digit Harmonised System (HS) product code level, subsequently aggregated into four-digit HS product code categories for analysis. The findings of ITIC 2024 indicate that the COVID-19 pandemic had a more significant impact on international transport and insurance costs for trade between countries located in different continents compared to trade between partners within the same continent. Additionally, they confirm that trade costs have exhibited a declining trend during the study period, and that the CIF/FOB margins vary among different reporting entities, trading partners, and products.

Suggested Citation

  • Andres Fiallos & Antonella Liberatore & Steven Cassimon, 2024. "CIF/FOB margins: Insights on global transport and insurance costs of merchandise trade," OECD Statistics Working Papers 2024/05, OECD Publishing.
    • Handle: RePEc:oec:stdaaa:2024/05-en
    DOI: 10.1787/469123ab-en
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    More about this item

    Keywords

    CIF-FOB margin; gravity model; International Trade; Transport and Insurance costs;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General

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