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
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The Impact of COVID-19 on International Trade: Differences Between Importing and Exporting Countries
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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
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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
- © 2023 The Author(s)
- 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