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  • E-ISSN2288-7709
  • KCI Candidate

Trade-in-Value-Added Analysis of East Asian Production Networks: Focusing on Changes during the First Trump Administration

The Journal of Economics, Marketing and Management / The Journal of Economics, Marketing and Management, (E)2288-7709
2025, v.13 no.6, pp.55-69
https://doi.org/10.20482/jemm.2025.13.6.55
Woocheol LEE (Gyeongsang National University)

Abstract

Purpose: This study examines how the U.S.–China trade conflict during the first Trump administration (2017–2020) reshaped the structure of East Asian production networks from a trade-in-value-added (TiVA) perspective. Research design, data and methodology: Using the Asian Development Bank’s multiregional input–output tables (MRIOT, 2007–2023, constant 2010 USD), the paper constructs a six-economy framework—China, Japan, Korea, Taiwan, Vietnam, and the Rest of the World—and reclassifies 35 industries into six technology-based sectors (PP, RB, LT, MT, HT, Services). The analysis measures each country’s domestic value-added share (DVA) and value-added exports (VAX) ratios. Results: Results show that, while DVA remained stable overall, Korea and Taiwan experienced a sharp rise during the Trump years, whereas China’s share declined modestly. Bilateral VAX ratios reveal declining interdependence among China, Japan, and Korea but rising linkages with Vietnam. Conclusions: These findings suggest a transition from a hub-and-spoke to a multi-hub network structure in East Asia’s manufacturing value chains.

keywords
East Asian Production Network, Multiregional Input-Output Analysis, Trade-in-Value-added Analysis, Domestic Value-added Share, Value-added Exports(VAX) Ratio, US-China Trade Conflict.
Received
2025-10-24
Revised
2025-11-24
Accepted
2025-12-26
Published
2025-12-30

The Journal of Economics, Marketing and Management