Home » News » $ 47 billion loss in 30 days … Corona hits world exports

$ 47 billion loss in 30 days … Corona hits world exports

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Council explained United nations For Trade and Development stats Chinese companies It indicates an annual decline of 2 percent in production China, Resulting in a supply contraction Automotive industries Chemicals, communications and other industries in a number of countries, which in turn reduced their export capabilities.

The council added, on Wednesday, that preliminary statistics show that industries outside China that depend on Chinese components, parts and other inputs are unable to export products as they used to before the outbreak The virus.

The outbreak began late last year in the Chinese city of Wuhan, shutting down factories and isolating workers in their homes.

And the decline in Chinese output was his "Multiplier effect on International Economy, Has reached a value of about $ 50 billion in exports worldwide" According to Pamela Cook-Hamilton, director of the International Trade and Commodities Division of the United Nations Trade and Development Board.

European Union exports alone account for about a third of that, or about $ 15.6 billion. She came American exports In second place with about 5.8 billion dollars, and in third place came to Japan with about 5.2 billion dollars.

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The United Nations Trade and Development Council indicated that the statistics of Chinese companies indicate an annual decline of 2 percent in China’s production, which led to a contraction in the supply of auto, chemical, communications and other industries in a number of countries, which in turn reduced their export capabilities.

The council added, on Wednesday, that preliminary statistics show that industries outside China that rely on Chinese components, parts and other inputs are unable to export products as they used to before the outbreak of the virus.

The outbreak began late last year in the Chinese city of Wuhan, shutting down factories and isolating workers in their homes.

The decline in Chinese output has had “a multiplier effect on the global economy, amounting to a nearly $ 50 billion decline in exports around the world,” said Pamela Cook-Hamilton, director of the International Trade and Commodities Division of the United Nations Trade and Development Board.

European Union exports alone account for about a third of that, or about $ 15.6 billion. And US exports came in second place with about 5.8 billion dollars, and in third place came Japan with about 5.2 billion dollars.

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