Trade growth and competitiveness across sectors during COVID-19
As an example, during the COVID-19 pandemic China was able to capture markets share in many sectors including in some of the most negatively affected sectors (transport equipment and road vehicles).
However, China’s export competitiveness eroded in some of the sectors exhibiting an increase in trade during COVID-19 (e.g. communication equipment and office machinery). VietNam, Thailand and Taiwan, Province of China have been relatively better able to capture the additional demand in these sectors.
Source: UNCTAD estimations based on national statistics of China, the European Union and the United States of America.
Note: Competitiveness is measured by the change in market share between 2019 and 2020. No change is within 0.25% percentage points and economies listed in color recorded changes in market share larger than 1 percentage point.
UNCTAD Geneva also photos