Has Covid19 Caused a Great Trade Collapse? An Initial Ex Post Assessment

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Date
2020-11
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Volume Title
Publisher
Virginia Tech. Center for Agricultural Trade
Abstract

This paper conducts an early econometric examination of the impacts of COVID-19 on international trade. We find the pandemic reduced global agricultural trade by 4.2% in the 2nd and 3rd quarters of 2020. Agricultural trade was found to be significantly more stable than nonagricultural trade; however, the level of disruption varies substantially across commodities.

Description
Keywords
COVID-19, Coronavirus, Agricultural Trade, Pandemics, Trade Shocks
Citation