New Estimates for Direction of Trade Statistics

By Marco Marini, Robert Dippelsman, Michael Stanger

January 24, 2018

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Marco Marini, Robert Dippelsman, and Michael Stanger. New Estimates for Direction of Trade Statistics, (USA: International Monetary Fund, 2018) accessed November 23, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

In March 2017, the IMF published an upgrade of its Direction of Trade Statistics (DOTS) dataset. This paper documents the new methodology that has been developed to estimate missing observations of bilateral trade statistics on a monthly basis. The new estimation procedure is founded on a benchmarking method that produces monthly estimates based on official trade statistics by partner country reported at different times and frequencies. In this paper we describe the new estimation methodology. Additional data sources have also been incorporated. We also assess the impact of the new estimates on trade measurement in DOTS at global, regional, and country-specific levels. Finally, we suggest some developments of DOTS to strenghten its relevance for IMF bilateral and multilateral surveillance.

Subject: Direction of trade, Exports, Imports, Plurilateral trade, Trade balance

Keywords: Partner country, Partner-country detail, Statistics database, Trade statistics, World trade, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2018/016
Stock No:

WPIEA2018016
ISBN:

9781484338629
ISSN:

1018-5941

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