Not directly, but price certainly does. Price often indicates the quality of the materials used, the time spent crafting each instrument as well as QC efforts. This most often equals a much better instrument when you spend more money.
That's not to say that ALL expensive USA models come out better than all cheap import models, however, they do probably 90% of the time, and the parts, fit and finish are better 99% of the time.
This is my personal experience across maybe 30 basses I've owned. You simply cannot tell me that an import Fedner is as good as USA. It's not. Do they SOMETIMES come out better as far as feel and geometry?? Yes. But you still have the crappier hardware and electronics.
Can it be a better value? Yes. If your import model has amazing feel and "good wood" and you can upgrade the hardware & electronics for a reasonable fee, brining it up to US line standards (or beyond), then you got yourself a deal!