Agricultural Economics Research Review
  • Year: 2024
  • Volume: 37
  • Issue: 1

Unveiling the impacts of global uncertainties ITSA approach for quantifying the impacts of covid-19 on agricultural trade

  • Author:
  • Raka Saxena1,*, Purushottam Sharma1, Devesh Kumar Pant1, Ritambhara Singh2, Satish Chandra Pant3, Neha Joshi1
  • Total Page Count: 12
  • Page Number: 35 to 46

1ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi-110012, India

2Dr. Rajendra Prasad Central Agricultural University, Samastipur, Bihar-848 125, India

3Doon Business School, Dehradun, Uttarakhand-248001, India

*Corresponding author: rakasaxena@gmail.com

Online published on 20 August, 2024.

Abstract

The study quantifies the impact of the Covid-19 pandemic on the bilateral agricultural trade between India and China using the Interrupted Time Series Analysis (ITSA) technique. India’s agricultural exports to China increased by approximately 48 per cent post-Covid-19. The post-pandemic, cumin exports to China increased significantly due to increasing health concerns. The exports of castor oil and groundnut shot up as well. Conversely, the exports of frozen fish, shrimps, and prawns declined. However, India’s agricultural imports from China, primarily fertilizers, displayed a volatile pattern. An immediate shock was observed in the case of urea and DAP imports, but the declines were not persistent for a long time.

Keywords

Agricultural trade, Interrupted time series, China, Covid-19, Castor oil, Fertilizers