No, but a state-subsidized industry does enjoy a trade advantage, at least in a short-term. If a state-subsidized company can produce at cost or at a loss while being propped up by the government, it can undersell foreign competition. The advantage is political and strategic as much as it is economic.
Sometimes the overproduction gambit works, sometimes it fails. The Saudis tried flooding the oil market to put US frackers out of business, in the long run their overproduction hurt their economy more than it did ours.
I’d have to see some concrete examples of a state-subsidized industry that has ever been able to maintain a competitive advantage over a long enough period of time to really impact the industries of its trading partners.