Geopolitics and trade in the euro area and the United States: a de-risking of import supplies?

Ivelina Ilkova, Laura Lebastard and Roberta Serafini

Economic Bulletin Boxes, 2024, vol. 5

Abstract: Based on granular data at the product level, this box discusses whether and how the euro area and the United States have modified their import sourcing strategies since 2016, the role played by geopolitical tensions and the potential impact on import prices. It considers two different, but not mutually exclusive, strategies: increasing the number of sourcing countries and reducing the import market share of the main supplier country per product. Data suggest that both regions have increased, on average, the number of sourcing countries, particularly for those products mostly imported from geopolitically distant countries. Broadening the number of supplier countries has come at a cost JEL Classification: F14, F51, F62

Keywords: diversification; Fragmentation; geopolitics; rebalancing (search for similar items in EconPapers)
Date: 2024-08
Note: 375045
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