The OECD Inventory on Export Restrictions on Industrial Raw Materials reveals a concerning trend in which export restrictions are becoming at once increasingly prevalent and more prohibitive.
Given the high degree of interdependency in the global economy and many countries’ reliance on international trade for access to critical raw materials, the imposition of export restriction on raw materials risks negative spillover effects cascading down global supply chains.
This, and the global ramifications of a potentially impeded green transition, suggests a need for co-operative solutions to restrain the use of export restrictions.
An important first step is to better understand the motivations of countries using export restrictions, as well as the impact on trading partners and global markets. This will be key in helping identify other, less restrictive, means of achieving important policy objectives.
Evidence on the use of export restrictions is fundamental to analysing their economic and non-economic effects, and to motivate and inform international co-operation. The OECD Inventory is a unique, freely accessible, source of qualitative and quantitative data which can serve as a foundation for these efforts.
OECD Inventory of Export Restrictions on Industrial Raw Materials 2024
Monitoring the use of export restrictions amid market and policy tensions
