Advances in Economics, Management and Political Sciences

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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

Series Vol. 3 , 21 March 2023


Open Access | Article

The Impact of COVID-19 on International Trade: Differences Between Importing and Exporting Countries

Hangyu Lin * 1
1 Department of Economics, University of Toronto, Toronto, Canada

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 3, 133-139
Published 21 March 2023. © 21 March 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Hangyu Lin. The Impact of COVID-19 on International Trade: Differences Between Importing and Exporting Countries. AEMPS (2023) Vol. 3: 133-139. DOI: 10.54254/2754-1169/3/2022773.

Abstract

During the pandemic period, import and export trade has been affected seriously. This study investigates the different implications on importing and exporting countries of international trade under the COVID-19 pandemic. The data in this article include the top five net exporters and top five net importers in 2019 ranked by their account balance. After the comparison, there are four findings have been found. First, the epidemic has had a severe negative impact on international trade for both importing and exporting countries. Second, the impacts of the pandemic on exporting countries are relatively deeper and consist longer than the importing countries. Third, unlike international trade on a global scale, intra-Asian trade has fewer negative impacts on exporting countries. Fourth, the negative impact of the COVID-19 burden on exporters is more pronounced in developing country exports rather than developed countries

Keywords

COVID-19, importing country, international trade, exporting country

References

1. K. Hayakawa and H. Mukunoki, “The impact of COVID-19 on international trade: Evidence from the first shock. Journal of the Japanese and International Economies,” vol. 60, 2021.

2. C. T. Vidya and K. P. Prabheesh, “Implications of COVID-19 pandemic on the global trade networks,” Emerging Markets Finance and Trade, vol. 56, pp. 2408-2421, 2020.

3. C. Mena, A. Karatzas and C. Hansen, “International trade resilience and the Covid-19 pandemic.,” Journal of Business Research, vol. 138, pp. 77-91, 2022.

4. H. Kazunobu and M. Hiroshi, “Impacts of covid-19 on international trade: evidence from the first quarter of 2020,” 2020, pp. 791.

5. F. V. Pantelimon, T. M. Georgescu, and B. Ş. Posedaru, “The impact of mobile e-commerce on GDP: A comparative analysis between romania and germany and how covid-19 influences the e-commerce activity worldwide. Informatica Economica,” 2020, pp. 27-41.

6. K. Hayakawa and H. Mukunoki, “Impacts of COVID‐19 on global value chains,” The Developing Economies, 2021, pp. 154-177.

7. S. Barua, “COVID-19 pandemic and world trade: Some analytical notes,” April 2020.

8. M. Koppenberg, M. Bozzola, T. Dalhaus, and S. Hirsch, “Mapping potential implications of temporary COVID‐19 export bans for the food supply in importing countries using precrisis trade flows,” Agribusiness, 2021, pp. 25-43.

9. I. Otache, “The effects of the Covid-19 Pandemic on the Nigeria’s economy and possible coping strategies. Asian Journal of Social Sciences and Management Studies,” 2020, pp. 173-179.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
ISBN (Print)
978-1-915371-15-7
ISBN (Online)
978-1-915371-16-4
Published Date
21 March 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/3/2022773
Copyright
21 March 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated