IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-031-47780-5_5.html
   My bibliography  Save this book chapter

Distortions and Gains in the Foreign Trade Activity During the Post-pandemic Era

In: The Economic and Social Impact of the COVID-19 Pandemic

Author

Listed:
  • Elena Banica

    (Institute of National Economy - Romanian Academy)

  • Artur Emilian Simion

    (National Institute of Statistics)

Abstract

In 2020, there was a notable decline in the volume of global international trade, potentially one of the most significant since World War II. Drawing from the most recent statistical data on Romania’s foreign trade in goods and partners, and examining the economic landscape shaped by the conditions brought about by the COVID-19 pandemic, this section focuses on international trade activities in 2020 at the global, regional/European and national level. Worldwide, the trade in services saw a steeper decline, and its post-lockdown recovery has been more sluggish compared to the trade in goods. The drop in global trade in 2020 was less severe than during the global financial crisis of 2008–2009. However, the influence of COVID-19 was characterised by the variability in specific goods and trading partners. The composition of foreign trade by product category underwent changes due to significant disruptions in the international transportation sector. The unparalleled variability in the pandemic’s impact on trade witnessed in 2020 underscores the need for adaptability. It’s essential to pinpoint action plans and strategies to mitigate risks at both the corporate and governmental levels.

Suggested Citation

  • Elena Banica & Artur Emilian Simion, 2024. "Distortions and Gains in the Foreign Trade Activity During the Post-pandemic Era," Contributions to Economics, in: Valentina Vasile & Elena Bunduchi (ed.), The Economic and Social Impact of the COVID-19 Pandemic, chapter 0, pages 121-141, Springer.
    • Handle: RePEc:spr:conchp:978-3-031-47780-5_5
    DOI: 10.1007/978-3-031-47780-5_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-031-47780-5_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.