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Economic Sanctions and Agricultural Trade

Author

Listed:
  • Mario Larch

    (University of Bayreuth)

  • Jeff Luckstead

    (Washington State University)

  • Yoto Yotov

    (Drexel University)

Abstract

Combining two new datasets on sanctions and agricultural trade and implementing step-by-step the latest developments in the empirical structural gravity literature, we investigate the effects of sanctions on international trade of agricultural products. We find that trade sanctions have been effective in impeding agricultural trade, while other sanctions do not show any significant effects. The complete trade sanctions in our sample have led to about a 73% decrease in the agricultural trade between the sanctioned and sanctioning countries, or a corresponding tariff equivalent of 38.8%, but we also obtain significant estimates for partial sanctions. At the industry level, we find substantial heterogeneity depending on the sanctioning and sanctioned countries, the type of sanctions used, and the direction of trade flows. Focusing on the sanctions on Russia, we find that these sanctions substantially decreased bilateral trade of Russia, mainly due to reduced trade with the EU.

Suggested Citation

  • Mario Larch & Jeff Luckstead & Yoto Yotov, 2021. "Economic Sanctions and Agricultural Trade," School of Economics Working Paper Series 2021-16, LeBow College of Business, Drexel University.
    • Handle: RePEc:ris:drxlwp:2021_016
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    Cited by:

    1. Daria Suprunenko, 2024. "Not-so-innocent bystanders: Trade with neighbors of sanctioned countries," IEER Working Papers 123, Institute of Empirical Economic Research, Osnabrueck University.
    2. Glauben Thomas & Jaghdani Tinoush Jamali, 2025. "Measuring the Stability of (Agricultural) Trade Flows in Unstable Times," Intereconomics: Review of European Economic Policy, Sciendo, vol. 60(3), pages 182-190.
    3. Glauben, Thomas & Jaghdani, Tinoush Jamali, 2025. "Measuring the Stability of (Agricultural) Trade Flows in Unstable Times," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 60(3), pages 182-190.
    4. repec:ags:aaea22:343703 is not listed on IDEAS
    5. Hayakawa,Kazunobu & Kumagai,Satoru, 2022. "The trade effect of economic sanctions: evidence from the 2022 Russia-Ukraine conflict," IDE Discussion Papers 857, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    6. Doyoung Park & William Ridley, 2025. "Thirsty for Trade: How Globalization Shapes Virtual Water Trade," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(2), pages 279-338, February.
    7. Sylvanus Kwaku Afesorgbor & Lukas Kornher & Fabio G. Santeramo, 2025. "The Impacts of Economic Sanctions on Food (Prices) Security: Evidence From Targeted Countries," The World Economy, Wiley Blackwell, vol. 48(8), pages 1942-1956, August.
    8. Gabriel Felbermayr & T. Clifton Morgan & Constantinos Syropoulos & Yoto Yotov, 2024. "Economic Sanctions: Stylized Facts and Quantitative Evidence," School of Economics Working Paper Series 2024-12, LeBow College of Business, Drexel University.
    9. Ignacio del Rosal, 2024. "Maritime connectivity and agricultural trade," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(1), pages 153-168, February.
    10. Lisandra Flach & Inga Heiland & Mario Larch & Marina Steininger & Feodora A. Teti, 2024. "Quantifying the partial and general equilibrium effects of sanctions on Russia," Review of International Economics, Wiley Blackwell, vol. 32(1), pages 281-323, February.
    11. Du, Xiayi & Wang, Zi, 2022. "Multinationals, global value chains, and the welfare impacts of economic sanctions," Economics Letters, Elsevier, vol. 220(C).
    12. vJeff Luckstead, 2025. "Agri-Food Trade: Globalization, Nearshoring, and Trade Networks," Working Papers 202515, Center for Global Policy Analysis, LeBow College of Business, Drexel University.
    13. D. A. Izotov, 2025. "Impact of Integration and Geopolitical Factors on the Russian Far East’s Trade with Foreign Countries," Regional Research of Russia, Springer, vol. 15(1), pages 93-106, March.
    14. Kim, Dongin & Steinbach, Sandro, 2025. "The Impact of the WTO on Virtual Water Trade and Global Water Redistribution," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 361029, Agricultural and Applied Economics Association.

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    Keywords

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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