Trade and Investment

How has the COVID-19 pandemic affected global trade? 

Shipping costs have increased significantly since the start of the pandemic. Image: REUTERS/Aly Song

Rosie Dickinson

Analyst, Bank of England

Gabija Zemaityte

Economist, Bank of England

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Trade and Investment

Services trade has fallen more sharply than goods trade
Comparing 2020 to the 2009 financial crisis. Image: Bank of England
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Shipping costs have increased significantly
The rise of global shipping costs. Image: Bank of England
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Trade and InvestmentGeo-economics
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