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Impacts of covid-19 on international trade : evidence from the first quarter of 2020

Author

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  • Hayakawa, Kazunobu
  • Mukunoki, Hiroshi

Abstract

The aim of this study is to present early evidence for the impacts of coronavirus disease 2019(COVID-19) on international trade. Accordingly, we investigate trade among 186 countries in the firstquarter of 2020. The disease burden of COVID-19 is measured in terms of the number of cases anddeaths. Our findings can be summarized as follows. First, the COVID-19 burden in exportingcountries, but in not importing countries, has a significantly negative effect on trade. Second, thisnegative impact of exporters’ COVID-19 burden is seen in exports from developing countries but notfrom developed countries. Third, the COVID-19 burden in an exporter’s neighboring countries has apositive effect on its exports. Fourth, importers’ COVID-19 burden has positive effects on trade in theagricultural industry, whereas exporters’ COVID-19 burden has negative effects, particularly in thetextile, footwear, and plastic industries.

Suggested Citation

  • Hayakawa, Kazunobu & Mukunoki, Hiroshi, 2020. "Impacts of covid-19 on international trade : evidence from the first quarter of 2020," IDE Discussion Papers 791, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper791
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    Citations

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    Cited by:

    1. William MESIET, 2023. "The nexus of foreign trade and economic growth in Tanzania. Examining the influence of COVID-19 pandemic. Evidence from vector error correction model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(636), A), pages 273-296, Autumn.
    2. Zainuddin, Muhamad Rias K V & Shukor, Md Shafiin & Zulkifli, Muhamad Solehuddin & Abdullah, Amirul Hamza, 2021. "Dynamics of Malaysia’s Bilateral Export Post Covid-19: A Gravity Model Analysis," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(1), pages 51-69.
    3. Kazunobu Hayakawa & Hiroshi Mukunoki, 2021. "Impacts of COVID‐19 on Global Value Chains," The Developing Economies, Institute of Developing Economies, vol. 59(2), pages 154-177, June.
    4. Oleksandr SHNYRKOV & Oleksii CHUGAIEV, 2020. "Resilience Of The Eu Exports To Ukraine Under The Covid-19 Pandemic," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7, pages 80-100.
    5. Lili Yan Ing & Yessi Vadila, 2022. "COVID-19: Impacts of Indonesia's Trade," Working Papers DP-2021-48, Economic Research Institute for ASEAN and East Asia (ERIA).
    6. Adrian Tudor Tudorache & Luminița Nicolescu, 2023. "Insights about the Effects of COVID-19 on International Trade during the Main Pandemic Years in Romania and Poland," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    7. Zaim Reha Yaşar, 2024. "Influence of the COVID-19 Pandemic on Exports in Türkiye: Evidence from ARDL Model," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 11(2), pages 263-277, July.
    8. Mariusz Zieliński, 2022. "The Effect of the COVID-19 Pandemic on the Labor Markets of the Visegrad Countries," Sustainability, MDPI, vol. 14(12), pages 1-20, June.
    9. Adrian Tudor TUDORACHE, 2021. "COVID-19 Crisis and International Trade.Two Country Cases," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(5), pages 659-669, December.

    More about this item

    Keywords

    COVID-19; International trade;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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