Analysis of the effects of the covid-19 pandemic on the international trade in Colombia (2019-2020)

Abstract

The Covid-19 pandemic has had diverse consequences, among them, the effects on the economies of the countries and the dynamics of international trade. This research analyzes the impact of the Covid-19 pandemic on Colombia's international trade from March 2020 to December 2020. Although numerical data are used, a qualitative approach is used for an interpretative approach, which allows making new contributions on the explored topic. The results of the study show that the country's economy will be seriously affected by the crisis that the country is going through at international level and, consequently, it generates serious effects on economic growth, an increase in the unemployment rate and a decrease in production and consumption, resulting in a negative impact on trade relations with other States.