TITLE:
Impact of COVID-19 on Small Commodity Export in Zhejiang Province
AUTHORS:
Yan Han, Jiaxuan Wu, Rui Yang
KEYWORDS:
COVID-19, Zhejiang Province, Small Commodity Export, Gravity Model
JOURNAL NAME:
Modern Economy,
Vol.14 No.8,
August
9,
2023
ABSTRACT: With the development of economic globalization, the trade between China
and other countries has become increasingly close, but the sudden outbreak of
COVID-19 pandemic has had a huge impact on the world economy. In the face of
emergencies, China organized quickly and immediately controlled the further
spread of COVID-19 pandemic, effectively reducing its negative impact. Among them, Zhejiang Province has also done
a very good job in prevention and control. However, other countries did not pay
attention to COVID-19 pandemic in the early stage, and did not take
measures to prevent and control it until the global epidemic broke out. Using
the small commodity trade data between Zhejiang Province and 10 major export
partner countries from 2017 to 2021, this paper studies the impact of the
COVID-19 pandemic shock on the trade of small commodities in Zhejiang Province,
so as to provide reference suggestions for maintaining a good trade situation
of small commodities in Zhejiang Province. The main conclusions of this paper
are: 1) COVID-19 pandemic has hindered the trade of small commodities in
Zhejiang Province. The more severe the
epidemic situation in export partner countries, the greater the
resistance to exports to this country. 2) The severity of COVID-19 pandemic in
Zhejiang also has a certain impact on small commodity exports, but it is far
less than the negative impact caused by the spread of the epidemic in major
export partner countries.