This paper aims at investigating the relationship between maritime trade and maritime freight rates at sectoral level. These rates and their effect on international trade will be estimated using highly disaggregated data of shipments from five Spanish ports to seventeen destinations, 78.34% of the tonnage exported by Spain. The paper focuses Netw Spat Econ (2011) 11:555-576 DOI 10.1007 on the effect of maritime networks, services structure and port infrastructure variables on maritime freight rates. The relationship between freight rates and trade is then analysed by applying a gravity model for sectoral exports. We investigate the endogeneity of the trade and freight rate variables by estimating both equations by using instrumental variables methods. The main findings of this study should contribute significantly in explaining the variability of maritime freight rates and to quantifying the impact of maritime freight rates in maritime trade.

This article aims to analyse the determinants of transport costs and to investigate their influence in international trade with a sample of disaggregate trade data. First, we estimate a transport-cost function using cross-section data on maritime and overland transport for four sectors: agro-industry, ceramic tiles, motor vehicle parts and accessories, and electrical and mechanical household appliances, obtained from interviews held with Spanish exporters and logistics operators in 2001.Second, we study the relationship between transport costs and trade and estimate the elasticity of trade with respect to transport costs for each sector. Important differences for high value-and low value-added sectors are observed. The trade-equation estimation shows that higher transport costs significantly deter trade, especially in high value-added sectors.

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