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)
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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UNCTAD. (March 4, 2020). Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars) [Graph]. In Statista. Retrieved July 02, 2020, from https://www.statista.com/statistics/1103657/economic-trade-impact-of-covid-19-on-the-auto-industry-by-market/
UNCTAD. "Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars)." Chart. March 4, 2020. Statista. Accessed July 02, 2020. https://www.statista.com/statistics/1103657/economic-trade-impact-of-covid-19-on-the-auto-industry-by-market/
UNCTAD. (2020). Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 02, 2020. https://www.statista.com/statistics/1103657/economic-trade-impact-of-covid-19-on-the-auto-industry-by-market/
UNCTAD. "Estimated Trade Impact of The Coronavirus (Covid-19) Epidemic on The Automotive Sector as of February 2020, by Market (in Million U.S. Dollars)." Statista, Statista Inc., 4 Mar 2020, https://www.statista.com/statistics/1103657/economic-trade-impact-of-covid-19-on-the-auto-industry-by-market/
UNCTAD, Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars) Statista, https://www.statista.com/statistics/1103657/economic-trade-impact-of-covid-19-on-the-auto-industry-by-market/ (last visited July 02, 2020)
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