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Has Covid-19 Shaken the World Trade and China’s Preeminence?

Author

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  • C. T. Vidya

    (Centre for Economic and Social Studies (CESS), Hyderabad, India)

Abstract

The study compares the world trade network among the top merchandise trading countries before and during the COVID-19 pandemic. China’s preeminence in world trade during the 2020 pandemic is also examined. The results reveal that the pandemic did not change the position of the countries in the world trade network during 2020, however, it drastically reduced trade density, interconnectedness, and connectivity. During 2020, China’s trade preference was inclined toward intraregional trade due to the COVID-19 restrictions, which helped it regain global leadership.

Suggested Citation

  • C. T. Vidya, 2022. "Has Covid-19 Shaken the World Trade and China’s Preeminence?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(2), pages 1-5.
    • Handle: RePEc:ayb:jrnael:70
    DOI: 2022/06/16
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    References listed on IDEAS

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    1. Giorgio Fagiolo & Javier Reyes & Stefano Schiavo, 2010. "The evolution of the world trade web: a weighted-network analysis," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 479-514, August.
    2. Iapadre, P. Lelio & Tajoli, Lucia, 2014. "Emerging countries and trade regionalization. A network analysis," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 89-110.
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    Cited by:

    1. K.P. Prabheesh & C.T. Vidya, 2024. "Interconnected Horizons: ASEAN's Journey in the Global Semiconductor Trade Network Amidst the COVID-19 Pandemic," Working Papers DP-2023-32, Economic Research Institute for ASEAN and East Asia (ERIA).

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    Keywords

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    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • I10 - Health, Education, and Welfare - - Health - - - General

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