Bericht
The Covid-19 trade contraction: A view from global shipping, the EU and China
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.
- Sprache
-
Englisch
- Erschienen in
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Series: Kiel Policy Brief ; No. Special Corona-Update 4
- Klassifikation
-
Wirtschaft
- Thema
-
Trade
Covid-19
China
GVCs
Handel
- Ereignis
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Geistige Schöpfung
- (wer)
-
Chowdhry, Sonali
Felbermayr, Gabriel
Stamer, Vincent
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Chowdhry, Sonali
- Felbermayr, Gabriel
- Stamer, Vincent
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2020