CEPII, Recherche et Expertise sur l'economie mondiale
Fewer Planes Means Less Trade
With the onset of the Covid-19 pandemic, international air traffic collapsed. For some European countries, air transport is the main mode of transport for their exports. Despite its higher cost, air transport is also a widely used mode of transport for products with a high value relative to their weight, such as pharmaceuticals, electronic components and precious stones, as well as intermediate products that are at the heart of global value chains. If travel restrictions continue, or if the air transport sector is included in international commitments to reduce greenhouse-gas emissions, air transport and business travel could remain disrupted and, with it, international trade.
Diego Botero Garcia, Ariell ReshefCamilo Umana Dajud
Trade & Globalization
Competitiveness & Growth
Emerging Countries
Environment & Natural Resources
Money & Finance
Economic Policy

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