Impact of covid-19 crisis on the EU International Trade

By: Daniel Alexand…
Created: 25 May 2020 - 02:05
Updated: 25 May 2020 - 02:05

The covid-19 crisis has led to important disruptions in the global supply and value chains and, accordingly, to international trade.

In March 2020, the total extra EU trade (imports + exports) fell from €252 billion to €228 billion compared with January 2020. Concerning exports, most affected were trade relations with Switzerland (-8.5%), China (-7.1%), Russia (-6.8%), UK (-6.2%( and US (-4.2%). In terms of imports, most affected were trade relations with Uk (-17%), China (-10.9%), Russia (-8.2%), US (-2.6%) and Switzerland (-1.2%). 

Read more on https://ec.europa.eu/eurostat/web/products-eurostat-news/-/DDN-20200519-2