Impact of COVID-19 on Commonwealth Countries' Exports and Future Growth Opportunities

a. The impact of COVID-19 on commonwealth countries global and intra commonwealth goods and services exports
 Due to pandemic commonwealth countries
have suffered a lot as the virus has spread all
across the globe. It has affect virtually all
countries, their businesses, goods and services
production, imports and exports and many
more.
 People were not allowed to roam here and
there without any genuine reason. There were
travel restrictions, restrictions on port,
international border and people have to follow
rules and regulations provided by them (Escaith
and et.al., 2020).
 The year 2020 was the worst year for many
people as this has impacted their way of living,
many of them have lost jobs and loved ones.
 In addition to this, the covid-19 has affected
trade flows along both the demand and supply
channels. In the year 2020, global trade of
goods and services flows collapsed which has
affected the level of development and trade
structure as well.
 Commonwealth countries majorly work such as
exports of food products, fuels, metals and raw
materials, minerals.
 The lock-down had a negative effect on 54
commonwealth countries also, they have face
heavy recession in total 45 economies.
 .Population of Commonwealth countries have heavy reliance on exports and impacted people income
as many people were facing low income issues.
 After corona virus lock-down all 54 countries has been impacted out of which 48 are at different
economic development level.
 It includes east coast of new Zealand to the western parts of the America. There almost 1 million deaths
have been recorded in the year 2021 month of march. Almost 20 million infected patients were
recorded. Due to this there was a severe drop in the trade flows of the commonwealth and intra
commonwealth trade flows.
 As pre pandemic everything was going smooth, growth trends were going high but during pandemic
sudden fall in growth and development of countries has been noted (Khorana, Martínez-Zarzoso and
Ali, 2021).
 There were heavy fall in the trading activities and production activities pertaining to pandemic.
However, commonwealth countries are still facing many issues such as unemployment, trade flows,
GDP issue, exports.

 Out of all the commodity exports by commonwealth countries fuels are
the most exported.
 Due to covid-19 pandemic, demand for such commodity have been
majorly affected in these countries.
 However, prices of commodity such as mineral ores and agricultural
goods were relatively less impacted as their were high demand of
agricultural products at that time, this creates a positive impact during
that time.
 There were reduction in demand and supply of commodity such as raw
material, high price of goods such as minerals. The companies were
under pressure to work effectively during that time and keep the price
high.
 Nevertheless, decrease in demand, along with issues associated with
exporting, business operations and production activities (Covid-19 and
commonwealth countries, 2022).
 Due to this, loss of export around 125 billion have been noted in the
year 2020. Due to Covid-19, there was highly adverse effect on intra-
commonwealth as compared with global experts because many of the
intra-commonwealth traders in the countries such as South Africa,
Singapore and UK- have experiences a fall in demand and supply and
other economic contractions.
 With the help of cost advantages, the commonwealth countries can
enhance trading activities with each other.
 It is essential for them to so focus on trade and develop a new policies
and economic situation by following commonwealth free trade
agreement