IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v18y2024i1p635-642n1012.html
   My bibliography  Save this article

The Romania-Brazil Trade Relationship under the Threat of the Coronavirus Pandemic and the War in Ukraine

Author

Listed:
  • Trocinescu Beatrice

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Dan Mihaela-Cornelia

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The year 2020 began with a health crisis, asserted in the same year, as the coronavirus pandemic. In this sense, world governments have taken measures to protect their national economies, measures such as limiting exports or social distancing. In 2022, the economy showed signs of recovery, when in February, war broke out between Ukraine and Russia. Thus, the two events negatively impacted world trade. In this paper, the aim is to point out the impact of the health, economic and war crisis on Romania-Brazil commercial relations, in the period 2019–2023, on Brazilian investments in Romania and on Romanian investments in Brazil. Romania is part of the European Union, being also a military, humanitarian and economic support for Ukrainians. Otherwise, Brazil is part of a totally different political structure, being a partner and ally of Russia. A descriptive research will be carried out on Romania-Brazil trade, in the period 2019–2023, based on the information on the Comexstat platform. In order to identify Brazilian investments in Romania, the research will be carried out conformable of the information provided by the National Trade Registry Office, and the research on Romanian investments in Brazil will be carried out conformable of the information provided by Banco Central do Brasil. The year 2023 represents the best economic year for trade between Romania and Brazil from the period 2019–2023, as commercial exchanges increased by 16% in 2023, compared to 2019. Regarding Brazilian investments in Romania, they are increasing, but Romanian investments in Brazil are decreasing. This work is innovative, because it sheds light on the commercial relationship between two countries with a similar culture, during a period of crisis, countries that are located in two different political and ideological blocs.

Suggested Citation

  • Trocinescu Beatrice & Dan Mihaela-Cornelia, 2024. "The Romania-Brazil Trade Relationship under the Threat of the Coronavirus Pandemic and the War in Ukraine," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 635-642.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:635-642:n:1012
    DOI: 10.2478/picbe-2024-0054
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2024-0054
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2024-0054?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hayakawa, Kazunobu & Mukunoki, Hiroshi, 2021. "The impact of COVID-19 on international trade: Evidence from the first shock," Journal of the Japanese and International Economies, Elsevier, vol. 60(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guglielmo Maria Caporale & Anamaria Diana Sova & Robert Sova, 2024. "The Covid‐19 pandemic and European trade flows: Evidence from a dynamic panel model," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 2563-2580, July.
    2. Das, Sanchita Basu & Sen, Rahul, 2022. "Trade Interdependencies in COVID-19-Related Essential Medical Goods: Role of Trade Facilitation and Cooperation for the Asian Economies," ADB Economics Working Paper Series 666, Asian Development Bank.
    3. Abbas, Khizar & Han, Mengyao & Xu, Deyi & Butt, Khalid Manzoor & Baz, Khan & Cheng, Jinhua & Zhu, Yongguang & Hussain, Sanwal, 2024. "Exploring synergistic and individual causal effects of rare earth elements and renewable energy on multidimensional economic complexity for sustainable economic development," Applied Energy, Elsevier, vol. 364(C).
    4. Zhang, Hongwei & Wang, Xinyi & Tang, Jing & Guo, Yaoqi, 2022. "The impact of international rare earth trade competition on global value chain upgrading from the industrial chain perspective," Ecological Economics, Elsevier, vol. 198(C).
    5. Ando, Mitsuyo & Hayakawa, Kazunobu, 2022. "Impact of COVID-19 on trade in services," Japan and the World Economy, Elsevier, vol. 62(C).
    6. Yang, Yang & Liu, Qing & Chang, Chia-Hsun, 2023. "China-Europe freight transportation under the first wave of COVID-19 pandemic and government restriction measures," Research in Transportation Economics, Elsevier, vol. 97(C).
    7. Amjad Masood & Junaid Ahmed & Inmaculada Martínez-Zarzoso, 2022. "Gravity of Covid-19," Economics Bulletin, AccessEcon, vol. 42(1), pages 60-68.
      • Masood, Amjad & Ahmed, Junaid & Martínez-Zarzoso, Inmaculada, 2021. "Gravity of Covid-19," MPRA Paper 109651, University Library of Munich, Germany.
    8. Khilda Faoziyah Arifah & Jonghwa Kim, 2022. "The Importance of Agricultural Export Performance on the Economic Growth of Indonesia: The Impact of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(24), pages 1-18, December.
    9. Ines Kersan‐Škabić, 2022. "The COVID‐19 pandemic and the internationalization of production: A review of the literature," Development Policy Review, Overseas Development Institute, vol. 40(2), March.
    10. Muhamad Rias K V Zainuddin & Nurul Aishah Khairuddin & Hakimah Nur Ahmad Hamidi, 2021. "Impact of COVID-19 on Malaysia’s Bilateral Export - Testing for Heterogeneous Effects in the Product Category," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(Early Vie), pages 1-5.
    11. Sèna Kimm Gnangnon, 2022. "Development Aid and Export Resilience in Developing Countries: A Reference to Aid for Trade," Economies, MDPI, vol. 10(7), pages 1-31, July.
    12. Imad A. Moosa & Ebrahim Merza, 2022. "The effect of COVID-19 on foreign direct investment inflows: stylised facts and some explanations," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    13. Lasha Labadze & Mohamed M. Sraieb, 2023. "Impact of Anti-Pandemic Policy Stringency on Firms’ Profitability during COVID-19," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    14. Weixin Wang & Qiqi Wu, 2022. "Research on the Coordinated Development of Coastal Port Logistics and International Trade: Based on Six Coastal Provinces of China," Sustainability, MDPI, vol. 15(1), pages 1-11, December.
    15. Wei Wan & Jue Wang & Weimin Jiang, 2023. "Does COVID-19 Exacerbate Regional Income Inequality? Evidence from 20 Provinces of China," Sustainability, MDPI, vol. 15(15), pages 1-16, August.
    16. Cuñat, Alejandro & Zymek, Robert, 2022. "The (structural) gravity of epidemics," European Economic Review, Elsevier, vol. 144(C).
    17. Zhao Li & Ren Zhuoming & Zhao Ziyi & Weng Tongfeng, 2024. "Topological perturbations on resilience of the world trade competition network," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-9, December.
    18. Arenas,Guillermo Carlos & Majune,Socrates Kraido & Montfaucon,Angella Faith Lapukeni, 2022. "The Impacts of Lockdown Policies on International Trade in the Philippines," Policy Research Working Paper Series 9911, The World Bank.
    19. Bashir Adelowo Wahab & Adamu Jibir & Musa Abdu, 2024. "COVID-19 Pandemic and Household Entrepreneurship in Nigeria: Do Crises Create Necessity-driven and/or Innovative Entrepreneurship?," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 16(2), pages 270-286, May.
    20. Jaqueline Hansen & Antonia Kamaliev & Hans-Jörg Schmerer, 2023. "The COVID-19 Pandemic and Chinese Trade Relations," Open Economies Review, Springer, vol. 34(3), pages 673-702, July.

    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:vrs:poicbe:v:18:y:2024:i:1:p:635-642:n:1012. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.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.