Research Areas

The aim of this report is to empirically analyze from the Spanish perspective, three issues related to the functioning of global value chains and their disruptions:

1. The development of these chains over the last two decades and the position Spain’s economy occupies in them
2. The evolution of the degree of international connection between economies as a result of these chains, and the intensity and geographical bias of Spanish connections.
3. The extent of recent shocks on value chains and the degree of connection, as well as the capacity to adapt to shocks, with special reference to the EU and Spain.

The analysis will be carried out at national and international level, with special emphasis on the Spanish economy and its competitive situation in international trade networks, its evolution in recent years and the degree to which it has been affected by recent shocks, such as the pandemic and the war in Ukraine. Attention will also be paid to the differences between trade in goods and services, both affected differently by the pandemic and the war, as well as to some sectoral differences between sectors in which global value chains have had different levels of development.