Pluda, CarolinaAramendia Muneta, María Elena2024-10-102024-10-102025Pluda, C., Aramendia-Muneta, M. E. (2025) Regionalism vs. bilateralism: an analysis on trade flows in advanced and emerging economies. In Martínez-Falcó, J., Marco-Lajara, B., Sánchez-García, E., Millán Tudela L. (Eds.), Modern Insights in International Trade and Commerce (pp. 229-268). IGI Global. https://doi.org/10.4018/979-8-3693-5293-9.ch010.979-8-3693-5293-910.4018/979-8-3693-5293-9.ch010https://academica-e.unavarra.es/handle/2454/52145This chapter analyzes the role of regionalism versus bilateral trade relationships in the context of international trade disruptions caused by the COVID- 19 pandemic. The export and import flows of 11 advanced and 12 emerging economies are ex- amined and compared to identify their primary economic interests, whether linked to regional trade blocs or bilateral partnerships, with or without formal trade agreements (preferential and non- preferential). The findings indicate that advanced economies trade similarly within their blocs and partnerships, regardless of tariff preferences, while emerging economies prioritize half of their trade through non- preferential bilateral partnerships. The trade patterns reveal strong convergence among developed economies and a latent alignment with emerging economies, which also display a uniform trade distribution.application/pdfeng© 2025, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited.International tradeRegionalismTrade agreementAdvanced economiesDeveloping economiesEmerging economiesinfo:eu-repo/semantics/bookPart2024-10-10info:eu-repo/semantics/openAccess