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THE IMPACT OF COVID-19 ON EXPORTS AND IMPORTS IN INTERNATIONAL TRADE TRANSACTIONS IN SOME COUNTRIES IN 2019-2021

. Suprianto, Eka Agustiani, Endang Astuti , Himawan Sutanto & Sarifudin


Abstract

This report raises the title "The Impact of Covid-19 on Exports and Imports of International Trade Transactions in Several Countries in 2019-2021. The study was conducted using a documentary study by taking data from the Indonesian Central Bureau of Statistics and several other data sources that support trade transaction reviews. in the era of Covid-19 in the period 2019 to 2021.

           The International Trade Review in this sample took four countries with significant export and import data, namely the United States, China, Japan and South Korea. From the description of the trade balance data in several countries during Covid-19, in general, they experienced a balance of payments deficit where the value of imports was greater than exports, including the United States, China and Japan. Since the Covid-19 outbreak has spread throughout the world, it has also had an impact on international trade activities in all countries. The impact of the Corona virus outbreak (Covid-19) is not only detrimental to health. The virus that originated in the city of Wuhan, China has even affected the economies of countries around the world. including South Korea,

             Entering 2022 the hope of all these countries is that the influence of Covid-19 has subsided and can immediately restore the global economy, but on the other hand the world economy is threatened with depression with the war conflict between Ukraine and the Russian state having a new impact on the world, namely the food crisis, limited energy and world inflation. Complications that have a systematic impact on trade relations between Russia, Ukraine and economic superpowers such as the United States, China, South Korea, Japan, as well as Indonesia and other countries whose imports depend on Russia and Ukraine.

 

Keywords: Impact of Covid-19, Export and Import, International Trade Transaction

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