International trade in the wake of multiple shocks: OECD global trade monitor

Oecd

No 277, OECD Trade Policy Papers from OECD Publishing

Abstract: In the midst of the recovery from the COVID-19 pandemic, trade and economic growth face new challenges as the Russian Federation’s large-scale war against Ukraine has increased uncertainty and tensions along supply chains and the People’s Republic of China’s trade performance has fallen short of expectations. Merchandise trade is recovering slowly and has been dampened by high and volatile commodity and energy prices, coupled with monetary tightening. Some durable goods, such as motor vehicles, have not regained their pre-pandemic share in global trade. Services trade has yet to recover losses incurred during the pandemic, with travel services in particular recovering slowly. Russia’s trade is adjusting as the war continues, with repercussions for commodities markets. This report uses detailed trade data to monitor recent developments in trade in goods and services and in commodity markets.

Keywords: China; Economic recovery; Russia; Transport (search for similar items in EconPapers)
JEL-codes: F13 F14 F51 Q02 (search for similar items in EconPapers)
Date: 2023-11-06
New Economics Papers: this item is included in nep-cis, nep-cna and nep-int
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1787/9288b5bf-en (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:traaab:277-en

Access Statistics for this paper

More papers in OECD Trade Policy Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().