Implications of COVID-19 Pandemic on China’s Exports

ABSTRACT

This study empirically analyzes various implications of the COVID-19 pandemic in China and trading partner countries on China’s exports by constructing an econometric model using COVID-19 pandemic data from China and its 21 trading partner countries (regions) from January 2019 to August 2020. The results show that (1) the COVID-19 pandemic in China has a significant negative effect on its export trade, (2) the COVID-19 pandemic situations in trading partner countries and regions generate significant positive effects on China’s total exports, and (3) the COVID-19 pandemic situation has a heterogeneous impact on China’s exports to different trading partners.

KEYWORDS:

• COVID-19
• pandemic
• China
• trading partner
• export

Conflicts Of Interest

The authors declare no conflict of interest.

Correction Statement

This article has been republished with minor changes. These changes do not impact the academic content of the article.

Notes

1. Since the exports in January and February 2020 are summed, the author calculated the weighted average according to the export weights in January and February 2019, and obtained the export values in January and February 2020, respectively.

2. http://www.customs.gov.cn/customs/302249/302274/302277/3227050/index.html

3. http://www.nhc.gov.cn/xcs/yqfkdt/gzbd_index.shtml

4. https://github.com/CSSEGISandData/COVID-19

5. Countries (regions): United States, Hong Kong, Japan, Korea, Vietnam, Germany, Netherlands, United Kingdom, Taiwan, India, Singapore, Malaysia, Australia, Thailand, Russian Federation, Mexico, Indonesia, Canada, Philippines, France, Italy.

6. Developed countries: United States, Japan, Korea, Germany, Netherlands, United Kingdom, Australia, Canada, Singapore, France, Italy.

7. Emerging markets: South Korea, India, Singapore, Malaysia, Thailand, Russian Federation, Mexico, Indonesia, Philippines, Hong Kong, Taiwan.

8. Countries (regions) along the Belt and Road: Hong Kong, South Korea, Vietnam, Taiwan, India, Singapore, Malaysia, Thailand, Russian Federation, Indonesia, Philippines, Italy.

9. The data come from the General Administration of Customs, PRC.

Additional information

Funding

This work was supported by the National Social Science Fund of China [No. 17VDL012 and No. 18ZDA095]; the Ministry of Education of China [No. 17JJD630001]; the National Natural Science Foundation of China [No. 71672051]; and the Interdisciplinary Research Funding Program for Doctoral Students of Jilin University [No. 101832020DJX008].