The Rising Role of Re-exporting Hubs in Global Value Chains.

The evolution of re-exporting hubs, entrepôts, is explored in this paper by looking at trade patterns of merchandise re-exports over the last 20 years through three key economies (Hong Kong, Singapore, and the United States), and their inter- and intra-regional linkages. The growth of re-exports of intermediate goods during this period suggests that these economies are playing an increasingly important role in global value chains (GVCs) by acting as hubs in regional supply chains. Findings also indicate that high volumes of intermediate goods that are re-exported appear in sectors in which GVCs have a strong presence, as in the case of semiconductors. [ABSTRACT FROM AUTHOR]