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The objective of the work is to analyze the historical evolution of Spanish exports, their composition and characteristics, in addition to Spain's participation in global value chains. A strategy is also identified to improve the complexity of foreign sales.

The eurozone economy has been virtually stagnant for several quarters now, underperforming expectations so far in the year's second half and with no clear signs of recovery on the horizon.

In this Presentation, we explain how geopolitics is becoming a key economic driver in the change of global value chains and the opportunities this brings to Mexican manufacturing production as well as exploring the regional investment opportuni…

In recent months, inflation has shown signs of moderation in most countries, both developed and emerging, but there is still a ways to go before it reaches pre-pandemic levels.

After 50 days since the start of the Russian invasion of Ukraine, we take a look back at what has happened to commodity prices and offer a few ideas about their likely future trend.

The COVID-19 crisis has severely disrupted value chains. Not only during the onset, but also in recent months. In light of this, BBVA Research has significantly revised growth forecasts downward.

In the past few months the focus of debate on the global outlook has shifted from the economic impact of the pandemic to how value-chain bottlenecks could affect production and inflation.

Despite the difficult global context brought about by COVID, the Spanish exports of goods maintained their export market destination and gained competitiveness and share in international trade. Outlook is favourable, although the uncertainty ab…

COVID-19 hit international trade in 2020, paralyzing activity in several sectors and disrupting global supply chains. Demand plummeted and trade flows were severely damaged. The upward trend in the export of Spanish goods that had been ongoing …

The expansion of global trade has slowed in recent years, following a long period of exuberance. How will trade flows evolve over the next decade, taking into account recent trends such as the pandemic and climate change, as well as other facto…

The drop in the volume of global trade is reflecting the most severe global recession since the Second World War, both due to the economies affected and the intensity of the expected falls in GDP over the middle quarters of 2020.

This report identifies which industries are most vulnerable to relocate outside China after COVID-19 based on some typical global value chain indicators and empirical findings. We also gauge the impact of global value chain relocation on China's growth.