ANALYSES OF THE TRADE RELATIONS BETWEEN THE REPUBLIC OF NORTN MACEDONIA AND UKRAINE
Keywords:
The Republic of North Macedonia, Ukraine, foreign trade, comparative advantage, Balassa IndexAbstract
Ukraine is one of the countries with which the Republic of North Macedonia has signed a bilateral free trade agreement. Taking into account this fact, in this paper it has been made an analysis of the value, dynamics and structure of the foreign trade between the Republic of North Macedonia and Ukraine for the time period of 2012-2021. It has been also analyzed the competitiveness of Macedonian products at the Ukrainian market so that the product categories with a comparative advantage can be determined, using the Standard International Trade Classification and the Balassa Index. The results of the analysis point to the fact the Republic of Macedonia has a comparative advantage in the export of food and live animals, as well as the beverages and tobacco.
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