The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry

Imports are becoming more important than ever in world trade in the face of rapid globalization and the spread of global supply chains. One way to boost imports is through efficient regulations and practices. While the impact of regulatory restrict...

Full description

Bibliographic Details
Main Authors:	Ereshchenko, Viktoriya, Eknath, Varun, Zabalbeitia Mugica, Ines
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	IMPORT REGULATION AUTO INDUSTRY EXPORT COMPETITIVENESS GLOBAL VALUE CHAIN NON-TARIFF MEASURES TRADE POLICY AUTO PARTS VEHICLE EXPORTS
Online Access:	http://documents.worldbank.org/curated/undefined/258221634752614698/The-Importance-of-Facilitating-Imports-for-International-Trade-Flows-Evidence-from-the-Auto-Industry http://hdl.handle.net/10986/36564

id	okr-10986-36564
recordtype	oai_dc
spelling	okr-10986-365642022-08-02T17:58:59Z The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry Ereshchenko, Viktoriya Eknath, Varun Zabalbeitia Mugica, Ines IMPORT REGULATION AUTO INDUSTRY EXPORT COMPETITIVENESS GLOBAL VALUE CHAIN NON-TARIFF MEASURES TRADE POLICY AUTO PARTS VEHICLE EXPORTS Imports are becoming more important than ever in world trade in the face of rapid globalization and the spread of global supply chains. One way to boost imports is through efficient regulations and practices. While the impact of regulatory restrictions is well established for exports, their effect on imports has been studied to a lesser extent across countries. This brief aims to help fill that gap. Focusing on the auto industry, it analyzes the relationship between efficient import procedures and international trade flows in 190 economies. An analysis of the data at the global level suggests that economies where importing auto parts is relatively fast and inexpensive tend to have not only higher imports of auto parts (in terms of volume and value) and a higher ratio of imports of auto parts to total GDP, but also a higher ratio of imports of overall manufactured products to total GDP. Similarly, economies with efficient procedures when importing auto parts tend to have a greater share of automobile exports of total GDP. The Brief does not provide a causal interpretation and more analysis will be needed to understand the direction of the relationships. But given the strong positive association between the efficiency of import procedures and international trade, streamlining import regulations appears to be an important aspect for policy makers to focus on in formulating trade policy. 2021-11-12T22:12:51Z 2021-11-12T22:12:51Z 2021-09-28 Brief http://documents.worldbank.org/curated/undefined/258221634752614698/The-Importance-of-Facilitating-Imports-for-International-Trade-Flows-Evidence-from-the-Auto-Industry http://hdl.handle.net/10986/36564 English Global Indicators Briefs;No. 3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	IMPORT REGULATION AUTO INDUSTRY EXPORT COMPETITIVENESS GLOBAL VALUE CHAIN NON-TARIFF MEASURES TRADE POLICY AUTO PARTS VEHICLE EXPORTS
spellingShingle	IMPORT REGULATION AUTO INDUSTRY EXPORT COMPETITIVENESS GLOBAL VALUE CHAIN NON-TARIFF MEASURES TRADE POLICY AUTO PARTS VEHICLE EXPORTS Ereshchenko, Viktoriya Eknath, Varun Zabalbeitia Mugica, Ines The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
relation	Global Indicators Briefs;No. 3
description	Imports are becoming more important than ever in world trade in the face of rapid globalization and the spread of global supply chains. One way to boost imports is through efficient regulations and practices. While the impact of regulatory restrictions is well established for exports, their effect on imports has been studied to a lesser extent across countries. This brief aims to help fill that gap. Focusing on the auto industry, it analyzes the relationship between efficient import procedures and international trade flows in 190 economies. An analysis of the data at the global level suggests that economies where importing auto parts is relatively fast and inexpensive tend to have not only higher imports of auto parts (in terms of volume and value) and a higher ratio of imports of auto parts to total GDP, but also a higher ratio of imports of overall manufactured products to total GDP. Similarly, economies with efficient procedures when importing auto parts tend to have a greater share of automobile exports of total GDP. The Brief does not provide a causal interpretation and more analysis will be needed to understand the direction of the relationships. But given the strong positive association between the efficiency of import procedures and international trade, streamlining import regulations appears to be an important aspect for policy makers to focus on in formulating trade policy.
format	Brief
author	Ereshchenko, Viktoriya Eknath, Varun Zabalbeitia Mugica, Ines
author_facet	Ereshchenko, Viktoriya Eknath, Varun Zabalbeitia Mugica, Ines
author_sort	Ereshchenko, Viktoriya
title	The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
title_short	The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
title_full	The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
title_fullStr	The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
title_full_unstemmed	The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry
title_sort	importance of facilitating imports for international trade flows : evidence from the auto industry
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/258221634752614698/The-Importance-of-Facilitating-Imports-for-International-Trade-Flows-Evidence-from-the-Auto-Industry http://hdl.handle.net/10986/36564
_version_	1764485507566272512

The Importance of Facilitating Imports for International Trade Flows : Evidence from the Auto Industry

Similar Items