Impact of COVID-19 on Small Commodity Export in Zhejiang Province

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 im pact. 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.