COVID‐19 Pandemic Impact on the Exports and Imports

Mihaela Gabriela Belu
JEL codes: 
F1 - Trade, F31 - Foreign Exchange, O33 - Technological Change: Choices and Consequences; Diffusion Processes.
This paper’s objectives are the following: describing the impact of the COVID 19 crisis on the mechanism of export-import operations; the evolution of Romania’s export-import activities during 2020-2021 and identifying some recommendations meant to help companies fight the sanitary crisis’ effects. The study is based on a theoretical research investigating the impact of the sanitary crisis on the management of an export-import operation. Due to disruptions in global supply chains, the companies operating in the field of international trade had to redefine their operating strategies for the foreign markets. The magnitude of these changes related to the transactional mechanism specific to export-import activities will lead to profound mutations in the global supply chain, with benefits in term of resilience in all phases of the supply chain.
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