In 2023, the global cost to achieve documentary compliance for import purposes varied significantly by country. Egypt had the highest costs at 1.11 thousand USD, while Iran had one of the lowest at 0.061 thousand USD. Despite these differences, year-on-year trends from 2023 highlight significant variations, with Liberia experiencing an 11.81% increase and Saudi Arabia seeing a decrease of 7.16%. Long-term analysis, considering the compound annual growth rate over the past five years, reveals that some countries have managed to reduce their compliance costs effectively.
Looking ahead, it is essential to monitor technological advancements and regulatory reforms, as they are likely to influence compliance costs. Trends such as digitalization, trade policy changes, and economic conditions can significantly impact the cost landscape concerning documentary compliance for importing across different countries.
Top countries in Cost to Achieve Documentary Compliance for Import Purposes by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 1,110 | 2023 | +2.3% | +2.16% | View data |
| 2 | 2 Liberia | 402 | 2023 | +3.08% | +11.81% | View data |
| 3 | 3 Saudi Arabia | 269.3 | 2023 | -3.02% | -7.16% | View data |
| 4 | 4 Uzbekistan | 243 | 2023 | -1.22% | -3.61% | View data |
| 5 | 5 Myanmar | 241 | 2023 | +2.99% | +2.79% | View data |
| 6 | 6 Niger | 226 | 2019 | 0% | View data | |
| 7 | 7 Ukraine | 148 | 2023 | -3.27% | -1.79% | View data |
| 8 | 8 Pakistan | 113.1 | 2023 | -3.42% | -2.75% | View data |
| 9 | 9 Antigua and Barbuda | 89.7 | 2023 | -2.5% | -2.15% | View data |
| 10 | 10 India | 87.4 | 2023 | -3.85% | -2.66% | View data |
