Cross-border e-commerce initially contracted in Uruguay because of the pandemic but started to show a pronounced recovery in mid-2020. Data on all credit and debit card purchases made abroad in the framework of the country’s franchise regime revealed that it decreased significantly between January and May 2020. The aggregate annualized value of these purchases from Uruguay … [Read more...] about A Year and a Half into the Pandemic: How Did Cross-Border E-Commerce Evolve?
There is a strong consensus that cross-border e-commerce has been growing at a fast pace. Available data suggests that the pandemic could have even accelerated this trend. For instance, according to its most recent financial report, Amazon’s international net sales increased by 28.3% between the first semester of 2020 and the same period of 2019. However, this evidence is, … [Read more...] about What Happened to Cross-Border E-Commerce Under the Pandemic?
The pandemic is predicted to have a significant negative impact on international trade. According to WTO projections, Latin America and the Caribbean’s exports and imports are expected to experience a pronounced decrease this year, reaching at least 13% and 22% respectively --in line with the estimates for the world. Available aggregate data confirm that the region’s trade … [Read more...] about Trade in the Time of Pandemic: How COVID-19 has impacted firms in 6 Latin American countries
To learn more about this issue, see chapter 6 of Out Of the Border Labyrinth, a report published by the IDB’s Integration and Trade Sector, and IDB Working Paper series no. IDB-WP-704, “Transit Trade.” International transit systems International trade between neighboring countries is dominated by overland transportation, whereby goods are frequently shipped through … [Read more...] about Why Orderly Relations with Neighboring Countries Are Important for Trade
To learn more about this issue, see chapter 1 of Out Of the Border Labyrinth, a report published by the IDB’s Integration and Trade Sector, and IDB Working Paper series no. IDB-WP-782, Endogenous Border Times. In recent years, various indicators have been developed to measure time at the border. In general, these measures are based on surveys of international freight … [Read more...] about How long does it take to cross borders? From surveys and one-dimensional measures to big data