During the coronavirus epidemic period, the export and import trends of countries have been affected in many ways. Contracting economies, falling confidence indices and rising food prices index during the closure period can be counted among the common economic problems experienced. The coronavirus epidemic has led to a new era in terms of protectionist trade policies around the world. Although it is known that there was protectionism in the form of US-China trade wars in the pre-epidemic period, the epidemic period continued with mandatory closures. Although it is known that export bans ignore other global chains, these bans have been implemented.
Although countries are expected to act in cooperation against the economic crisis, there are concerns about the transparency of world economies. The slightest drop in the supply chain can cause failure against the coronavirus epidemic. The epidemic seriously affected both the consumer sector and the producer sector, causing supply and demand shocks in this period. Contractions in both production and consumption slowed down the growth of exports.
The importance of foreign trade has emerged as an undeniable fact in the health and health technologies sector, which is one of the sectors most affected by the epidemic. It has been seen that the contraction period has caused dwindling commercial opportunities due to the difficulty of accessing vaccines and similar healthcare equipment worldwide. Trade in services is among the developing areas and besides a global cooperation, countries will need to support critical sectors and products.