International Trade Analysis. Role of major economies and impact of COVID-19 pandemic

Abstract

International trade, since its emergence and following its evolution over the last two centuries, has become one of the main driving forces of the globalisation process, connecting the economies of the main countries and regions of the world. In this work, we will carry out a descriptive analysis of the trade and services balance of the three main economies at world level: the United States, China and the EU-27 with the aim of better understanding their relevance in the development of trade between countries. Likewise, we will analyse the impact of the current COVID-19 pandemic on international trade, both in goods and services.