Aerospace Industry: Current Status and Trends of the Global Value Chain

The aerospace industry, characterized by its high value-added nature and strong ties to national governments, plays a crucial role in global value chains (GVCs). This sector has seen significant growth in international trade, particularly in Latin America and the Caribbean (LAC), where countries like Brazil and Mexico have developed substantial industrial structures. The industry's dynamics are influenced by technological advancements, market trends, and geopolitical factors, which present both opportunities and threats to LAC countries. To enhance their competitive advantages, these countries must focus on strengthening their technological capabilities, fostering innovation, and implementing strategic policy recommendations. The report provides an in-depth analysis of the aerospace industry's current status, trends, and the potential for LAC countries to leverage their strengths in this evolving market