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International goods trade at the onset of the coronavirus pandemic from the perspective of economic regions

In: CNB Global Economic Outlook - October 2020

Author

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  • Ladislav Prokop

Abstract

The global economy was entirely under the thumb of the coronavirus pandemic in the first half of 2020. The introduction of production and transport restrictions, including border closures, was associated with a sharp drop in supply and demand and ultimately led to a totally unprecedented fall in GDP in both individual countries and entire regions. The measures also logically led to a slump in international trade. This article sets out to analyse international goods trade in the first half of 2020 and to map the relevant flows from the territorial, commodity and time perspective. We pay particular attention to goods exports in the months in which the deepest declines were recorded. Foreign trade in motor vehicles is then analysed separately.

Suggested Citation

  • Ladislav Prokop, 2020. "International goods trade at the onset of the coronavirus pandemic from the perspective of economic regions," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - October 2020, pages 12-17, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2020/10
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