Global transportation models depend upon having a full set of bilateral trade flows. In 1985 the World Sea Trade Service was developed at DRI. Ocean freight trade measured in volume and container loads was developed and sold to Ocean Freight Carriers. Additionally models linking bilateral trade with transport by air were developed. Over the years these models have been recreated and improved.
The current QuERI model is based on a more advanced version of the original bilateral trade models used in the World Sea Trade system. It has been developed over a number of iterations starting with work completed at ICF/Kaiser Consulting and later at MergeGlobal. The present system is based on bilateral trade data through 2009 historical from the UN's Comtrade data base.
The Bilateral Trade model is tied closely to the Integrated Global Industry and Trade Data. It ties import demand for each country for 70 products to export. supply of similar products of countries and regions to the world. The result is a balanced bilateral trade matrix that can be translated into value and volume metrics:
o Nominal Value Trade o Real Value Trade
o Ocean metric tons o Containerized metric tons o TEUs
o Air Value o Air Volume (metric tons).
The model has been used to develop estimates of ocean and air freight flows. It can be used to projecting traffic potential at major ports linking port or canal traffic to global transportation demand.
Transportion Models & Databases
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