Fig. A.5.

Impact of the Chinese lockdown on firm-level exports: Monthly importers. Notes: The figure shows the dynamics of exports before and after the Chinese lockdown for treated firms in comparison with the control group. The treatment is based on monthly imports from China between September 2019 and January 2020 (T2) and the control corresponds to monthly importers from a third country and not importing from China. The estimated equation includes firm and period fixed effects. Standard errors are clustered at the firm level. Confidence intervals are defined at 5%