Trade and Investment

How has the COVID-19 pandemic affected global trade? 

A worker walks in a shipping container area at the Port of Shanghai April 10, 2012. China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand. REUTERS/Aly Song (CHINA - Tags: BUSINESS TRANSPORT) - RTR30JOK

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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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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