Swiss trade during the COVID-19 pandemic: an early appraisal

This study uses trade data from Switzerland’s Federal Customs Administration to examine the impact of Covid-19 on international goods trade between January and July 2020. We show that Swiss trade during that period fell by 11% compared to 2019 and that the contraction following the “Federal Lockdown...

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Autores principales: Büchel, Konstantin, Legge, Stefan, Pochon, Vincent, Wegmüller, Philipp
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2020
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7768598/
https://www.ncbi.nlm.nih.gov/pubmed/33392113
http://dx.doi.org/10.1186/s41937-020-00069-3
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author Büchel, Konstantin
Legge, Stefan
Pochon, Vincent
Wegmüller, Philipp
author_facet Büchel, Konstantin
Legge, Stefan
Pochon, Vincent
Wegmüller, Philipp
author_sort Büchel, Konstantin
collection PubMed
description This study uses trade data from Switzerland’s Federal Customs Administration to examine the impact of Covid-19 on international goods trade between January and July 2020. We show that Swiss trade during that period fell by 11% compared to 2019 and that the contraction following the “Federal Lockdown” in mid-March was considerably steeper than the Swiss trade collapse in the aftermath of the Lehman Brothers bankruptcy in September 2008. Examining cross-country variation in Covid-19 cases, the stringency of containment measures, and Swiss trade flows, we document that the pandemic adversely affected both the demand and supply side of foreign trade, while trade restrictions and exchange rate fluctuations played no major role behind the rapid decline of Swiss trade in the first half of 2020.
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spelling pubmed-77685982020-12-28 Swiss trade during the COVID-19 pandemic: an early appraisal Büchel, Konstantin Legge, Stefan Pochon, Vincent Wegmüller, Philipp Swiss J Econ Stat Original Article This study uses trade data from Switzerland’s Federal Customs Administration to examine the impact of Covid-19 on international goods trade between January and July 2020. We show that Swiss trade during that period fell by 11% compared to 2019 and that the contraction following the “Federal Lockdown” in mid-March was considerably steeper than the Swiss trade collapse in the aftermath of the Lehman Brothers bankruptcy in September 2008. Examining cross-country variation in Covid-19 cases, the stringency of containment measures, and Swiss trade flows, we document that the pandemic adversely affected both the demand and supply side of foreign trade, while trade restrictions and exchange rate fluctuations played no major role behind the rapid decline of Swiss trade in the first half of 2020. Springer International Publishing 2020-12-28 2020 /pmc/articles/PMC7768598/ /pubmed/33392113 http://dx.doi.org/10.1186/s41937-020-00069-3 Text en © The Author(s) 2020 Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
spellingShingle Original Article
Büchel, Konstantin
Legge, Stefan
Pochon, Vincent
Wegmüller, Philipp
Swiss trade during the COVID-19 pandemic: an early appraisal
title Swiss trade during the COVID-19 pandemic: an early appraisal
title_full Swiss trade during the COVID-19 pandemic: an early appraisal
title_fullStr Swiss trade during the COVID-19 pandemic: an early appraisal
title_full_unstemmed Swiss trade during the COVID-19 pandemic: an early appraisal
title_short Swiss trade during the COVID-19 pandemic: an early appraisal
title_sort swiss trade during the covid-19 pandemic: an early appraisal
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7768598/
https://www.ncbi.nlm.nih.gov/pubmed/33392113
http://dx.doi.org/10.1186/s41937-020-00069-3
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