COVID-19 - trade impact on the automotive sector by market 2020

Published by Statista Research Department, Jul 21, 2021
China's manufacturing sector is anticipated to contract by around two percent as of February 2020 due to the outbreak of COVID-19. The automotive industry in the European Union is expected to see a decline of 2.5 billion U.S. dollars due to a reduction in automobile and parts exports from China.

Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars)

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Source

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Release date

March 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

Only the most affected countries are shown.

The impact has been calculated under the assumption of a two percent reduction of China exports in intermediate inputs. The source assumes that supply disruptions are limited to China and does not consider disruptions that COVID-19 may directly cause in the output of other countries.

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