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Ports' criticality in international trade and global supply-chains.

Authors :
Verschuur J
Koks EE
Hall JW
Source :
Nature communications [Nat Commun] 2022 Jul 27; Vol. 13 (1), pp. 4351. Date of Electronic Publication: 2022 Jul 27.
Publication Year :
2022

Abstract

We quantify the criticality of the world's 1300 most important ports for global supply chains by predicting the allocation of trade flows on the global maritime transport network, which we link to a global supply-chain database to evaluate the importance of ports for the economy. We find that 50% of global trade in value terms is maritime, with low-income countries and small islands being 1.5 and 2.0 times more reliant on their ports compared to the global average. The five largest ports globally handle goods that embody >1.4% of global output, while 40 ports add >10% of domestic output of the economies they serve, predominantly small islands. We identify critical cross-border infrastructure dependencies for some landlocked and island countries that rely on specific ports outside their jurisdiction. Our results pave the way for developing new strategies to enhance the resilience and sustainability of port infrastructure and maritime trade.<br /> (© 2022. The Author(s).)

Subjects

Subjects :
Commerce
Internationality

Details

Language :
English
ISSN :
2041-1723
Volume :
13
Issue :
1
Database :
MEDLINE
Journal :
Nature communications
Publication Type :
Academic Journal
Accession number :
35896543
Full Text :
https://doi.org/10.1038/s41467-022-32070-0