Two episodes of collapse in Spanish exports: The health crisis vs. the financial crisis
Juan de Lucio, Raúl Mínguez, Asier Minondo and Francisco Requena
Export performance, COVID-19, Financial crisis
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 5 (septiembre 2020)
Similar to the effects observed during the financial crisis, COVID-19 has significantly disrupted global export markets, with Spain’s total exports and number of exporting firms having fallen during the lockdown. Looking forward, any recovery in Spain’s export sector will depend on the duration of uncertainty and number of firms who survive the crisis.