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dc.titleSpain's Reallocation of Global Supply Chains: Preliminary Findings
dc.contributor.authorAlfaro, Laura
dc.contributor.authorQuintana, Javier
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2025-06-26T00:06:00
dc.date.issue2025-06-25T00:06:00
dc.description.abstractThis paper explores Spains evolving role in global supply chains amid rising geopolitical tensions, protectionist policies, and the post-COVID-19 push for reshoring. It traces the transformation of Spains external sector from its 1986 accession to the European Union through the global financial crisis and the pandemic, highlighting the resilience of Spanish exports and shifts in trade balances. The study emphasizes how global value chain (GVC) disruptionsdriven by trade conflicts, climate change, and national security concernshave reshaped sourcing patterns and exposed Spain to new vulnerabilities and opportunities. Empirical analysis confirms that U.S.China trade tensions led to trade diversion, with Chinese exports redirected to Europe, including Spain. While this increased competition, it also benefited Spanish firms integrated into affected value chains. The findings underscore Spains strategic position within the EU and the importance of adaptive trade policy in a rapidly changing global landscape.
dc.format.extent10
dc.identifier.doihttp://dx.doi.org/10.18235/0013584
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Spains-Reallocation-of-Global-Supply-Chains-Preliminary-Findings.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectSupply Chain
dc.subjectIntegration and Trade
dc.subjectExport
dc.subjectGlobal Value Chain
dc.subjectPandemic
dc.subject.jelcodeF13 - Trade Policy • International Trade Organizations
dc.subject.jelcodeF14 - Empirical Studies of Trade
idb.identifier.pubnumberIDB-DP-01093
idb.operationBK-C1102
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