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

TR Number

Date

2020-11

Journal Title

Journal ISSN

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