Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/218832
Authors: 
Chowdhry, Sonali
Felbermayr, Gabriel
Stamer, Vincent
Year of Publication: 
2020
Series/Report no.: 
Kiel Policy Brief No. Special Corona-Update 4
Abstract: 
This policy brief examines the effects of the Covid19 pandemic on international trade. Major exporting economies have posted record year-over-year monthly declines in export volume ranging from -7.9% in Germany to -24.3% in South Korea. While logistical bottlenecks are being solved, low demand puts pressure on trade activity. The shipping industry has reduced its activity around Europe, Asia and America by up to -10% pointing to a prolonged reduction in trade. Over the first quarter of 2020, China's trade contracted severely with most economies - particularly Canada, Japan, Russia, Italy and South Africa.The trade collapse affects businesses differently and especially hits those firms that participate in low-value added stages of global value chains by assembling components.
Subjects: 
Trade
Covid-19
China
GVCs
Handel
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.