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Ports' criticality in international trade and global supply-chains

Transportation

Ports' criticality in international trade and global supply-chains

J. Verschuur, E. E. Koks, et al.

Discover essential insights from J. Verschuur, E. E. Koks, and J. W. Hall as they reveal the critical role of the world’s major ports in global supply chains. Their research shows that maritime trade is vital for economies, especially for low-income and island nations. The findings highlight the significant impact of just a handful of ports on global output and discuss strategies to bolster maritime resilience.

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Playback language: English
Abstract
This paper quantifies 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, linking it to a global supply-chain database to evaluate port importance for the economy. It finds that 50% of global trade by value is maritime, with low-income countries and small islands disproportionately reliant on their ports. The five largest ports handle goods representing >1.4% of global output, while 40 ports contribute >10% of their serving economies' domestic output. Critical cross-border infrastructure dependencies are identified for landlocked and island countries reliant on specific ports outside their jurisdiction. The results inform strategies to enhance port infrastructure and maritime trade resilience and sustainability.
Publisher
Nature Communications
Published On
Jul 27, 2022
Authors
J. Verschuur, E. E. Koks, J. W. Hall
Tags
global supply chains
critical ports
maritime trade
economic impact
port infrastructure
trade flows
sustainability
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