With a few exceptions, most countries saw international trade in goods continue to improve in June, July and August 2020. However, it remained below pre-pandemic levels; with the exception of China, which is now back to 2019 levels.
The OECD developped a database – the Analytical Database on Individual Multinationals and Affiliates (ADIMA) – using a number of open big data sources that can provide new insights on individual Multinational Enterprises (MNEs) and their global profiles.
G20 international merchandise trade collapsed in April 2020 but began to recover in May and June as COVID 19 containment measures eased
Despite a general easing in lockdown measures across the world, international trade remained close to Covid-19 lows in May 2020.
Statistics on the role of these different types of firms in Global Value Chains (GVCs) are essential to facilitate policy making and to provide insights in the nexus between international trade, international investment, and production. The OECD has therefore started a work-stream that extends the Trade in Value Added (TiVA) dataset by breaking down industries into new categories of firms, including SMEs and MNEs.
Widespread lockdowns led to a record collapse in international trade in April 2020. For several major economies, merchandise trade contracted by 20% or more, reflecting falling prices in non-agricultural commodities and volume decreases across the board.
Covid-19 hits G20 international merchandise trade in first quarter of 2020 as signs emerge of even sharper falls in Q2
Covid-19 related lockdown measures hit international trade hard in March 2020, with evidence emerging of a sharp deterioration in April as demand stalled and supply chains continued to be disrupted. Travel and transport services, in particular, collapsed.
G20 international merchandise trade continued to contract in fourth quarter of 2019
The OECD collects and disseminates balance of payments statistics for all OECD countries, the major emerging economies and key aggregates e.g. the OECD total, G7. Data are collected for all the major balances, inflows and outflows in the current, capital and financial accounts. The current account components are also presented seasonally adjusted.