The COVID-19 pandemic and its impact on international trade

Abstract

International trade is the key element of the world economy and generally reflects all aspects of economic activity , It is therefore the main driver of economic growth and a source of profit for most of the world's countries, After the outbreak of the COVID-19 pandemic, the movement of goods and services between countries between exports and imports was paralysed, shocking supply and demand and falling GDP. Making the world economy seriously injured and with serious consequences affecting all societies and individuals, The pandemic is spreading rapidly across borders, causing a global health crisis and a global economic shock to the most vulnerable. The emergence of the natural environment pandemic has paralysed our societies and economies, hampered global economic development efforts and paralysed global trade, After that, exports and imports of goods of the G20 rose by 0 .9% and 0 .4% in the third quarter of 2021 compared with the previous quarter. Growth rates are expected to range from (5.0% 3.9%) for advanced economies to (6.6% 4.9%) for emerging economies and (4.0% 4.8%) for developing economies in 2022 respectively.