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
Series: Kiel Policy Brief ; No. Special Corona-Update 4

Klassifikation
Wirtschaft
Thema
Trade
Covid-19
China
GVCs
Handel

Ereignis
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
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Chowdhry, Sonali
  • Felbermayr, Gabriel
  • Stamer, Vincent
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2020

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