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COVID†19 Pandemic Impact on the Exports and Imports

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  • Mihaela Gabriela Belu

Abstract

This paper’s objectives are the following: describing the impact of the COVID 19 crisis on the mechanism of export-import operations; the evolution of Romania’s export-import activities during 2020-2021 and identifying some recommendations meant to help companies fight the sanitary crisis’ effects. The study is based on a theoretical research investigating the impact of the sanitary crisis on the management of an export-import operation. Due to disruptions in global supply chains, the companies operating in the field of international trade had to redefine their operating strategies for the foreign markets. The magnitude of these changes related to the transactional mechanism specific to export-import activities will lead to profound mutations in the global supply chain, with benefits in term of resilience in all phases of the supply chain.

Suggested Citation

  • Mihaela Gabriela Belu, 2021. "COVID†19 Pandemic Impact on the Exports and Imports," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(82), pages 31-46, December,.
    • Handle: RePEc:rej:journl:v:24:y:2021:i:82:p:31-46
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    More about this item

    Keywords

    COVID-19; exports; imports; supply chain;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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