Resilience analysis of global agricultural trade

Abstract

This study examined the transport network of global marine dry bulk carriers for agricultural trade during the period from 2018 to 2021. Firstly, the resilience of agricultural trade network is noteworthy throughout the COVID-19 pandemic. Agricultural trade initially plunged by 10.15% from 2019 to 2020 and bounced by a remarkable 11.45% in 2021, ultimately restoring trade volumes to the average level observed in the pre-pandemic year of 2019. However, the ports in Brazil and Argentina displayed less resilience in their agricultural trade with a continued decline in agricultural trade quantities in 2021. Additionally, the outbound trips increased in Ukraine, Canada, and Russia and decreased in Brazil and Argentina, leading to a more tightly knit agricultural network since 2020. Overall, this study provided evidence in comprehensively assessing the capacity and resilience of global food supply chains, especially in the context of constantly evolving circumstances and challenges.