The 2020 trade collapse: Exporters amid the pandemic

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9 Scopus citations


International trade collapsed sharply during the 2020 global recession. This paper provides the first evidence of the response of exporting firms to the 2020 trade collapse. Based on customs and balance sheet data on Colombian firms, I establish that despite a large and sudden drop in the number of exporters, most of the decline in exports is accounted for by an intensive margin adjustment. Multinational affiliates experienced a milder decline in exports, while producers of intermediate inputs and capital goods faced a stronger collapse in exports relative to producers of final consumer goods.

Original languageEnglish
Article number109961
JournalEconomics Letters
StatePublished - Aug 2021

Bibliographical note

Publisher Copyright:
© 2021 Elsevier B.V.


  • Covid-19
  • Exporters
  • Firms
  • Trade collapse

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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