Tracking Trade from Space: An Application to Pacific Island Countries

By Serkan Arslanalp, Robin Koepke, Jasper Verschuur

August 20, 2021

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Format: Chicago

Serkan Arslanalp, Robin Koepke, and Jasper Verschuur. Tracking Trade from Space: An Application to Pacific Island Countries, (USA: International Monetary Fund, 2021) 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

This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose risks to ports and supply chains. Using satellite-based vessel tracking data from the UN Global Platform, we construct daily indicators of port and trade activity for Pacific island countries. The algorithm significantly advances estimation techniques of previous studies, particularly by employing ways to overcome challenges with the estimation of cargo payloads, using detailed information on shipping liner schedules to validate port calls, and applying country-specific information to define port boundaries. The approach can complement and help fill gaps in official data, provide early warning signs of turning points in economic activity, and assist policymakers and international organizations to monitor and provide timely responses to shocks (e.g., COVID-19).

Subject: COVID-19, Economic sectors, Environment, Health, Imports, International trade, Natural disasters, Tourism, Trade balance

Keywords: COVID-19, Global, I. Pacific island, Imports, Liner shipping connectivity index, Merchandise import, Merchandise trade Data, Natural disasters, Pacific Islands, Port boundary, Port call, Supply disruption, Tourism, Trade balance, Vessel data

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/225
Stock No:

WPIEA2021225
ISBN:

9781513593531
ISSN:

1018-5941

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