The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2026. World Economy and international economic relations. 

 

Anna S. Chetverikova

Cand. Sci. (Econ.), Head of the Center for European Studies, Primakov National Research Institute of World Economy and International Relations of the RАS (IMEMO), Moscow, Russia

ORCID: 0000-0003-4793-4145

 

THE EU FOREIGN TRADE: TRANSFORMATION OF EXPORT FLOWS

Размер файла156-172
Размер файла  398.06  K Размер файла Full text

The article presents an analysis of foreign trade’s development of the EU for the last decades. The main tendencies including the weakening of the EU positions in world trade are shown. Using the Revealed Comparative Advantage Index (RCA), trends in export competitiveness of the EU member states have been assessed. The key differences between groups of countries including the emergence of new leaders and relatively stable positions of large economies are identified. Based on RCA’s dynamics the conclusion is made that the EU integration of the Visegrad countries hasn’t had a clear positive effect on its export opportunities in terms of competitiveness. It is demonstrated that the most competitive export goods of the EU member states are not always goods of their main traditional global sector specialization. Taking into account three indicators (Herfindahl-Hirschman Index, share of key goods in total export, quantity of export goods) groups of countries with different tendencies in its export diversification are identified.

Keywords: European Union, EU member states, foreign trade, export dynamics, competitiveness, export flow specialization, export flow diversification.

JEL: F10

EDN: QECCSC

DOI: https://doi.org/10.52180/2073-6487_2026_1_156_172

References

  1. Obolenskiy V.P. Turbulence in international trade: Russia’s reaction // The Bulletin of the Institute of Economics of the Russian Academy of Sciences. 2020. No. 3. Pp. 60–77. (In Russ.). DOI: 10.24411/2073-6487-2020-10029. EDN: TPVLUB.
  2. Portanskiy A.P. EU – US: new barriers to trade // Contemporary Europe. 2023. No. 4. Pp. 119–131. (In Russ.). DOI: 10.31857/S020170832304006X. EDN: BWHUZR.
  3. Butorina O.V. EU trade with China // Contemporary Europe. 2023. No. 7. Pp. 5–20. (In Russ.). DOI: 10.31857/S020170832307001Х. EDN: RYBPYQ.
  4. Gladkov I.S. Foreign trade relations of the European Union: transformations for the first 20 years of the XXI century (2001—2020) // Economic and socio-humanitarian research. 2021. No. 3 (31). Pp. 17–30. (In Russ.). DOI: 10.24151/2409-1073-2021-3-17-30. EDN: AVGEAE.
  5. Zagashvili V.S. World trade in the conditions of globalization crisis // World economy and international relations. 2024. Vol. 68. No. 11. Pp. 5–14. (In Russ.). DOI: 10.20542/0131-2227-2024-68-11-5-14. EDN: CLOMVT.
  6. Singh T. Does international trade cause economic growth? A survey // The World Economy. 2010. Vol. 33. No. 11. Pp. 1517-1564. DOI: 10.1111/j.1467-9701.2010.01243.x.
  7. Kulikova N.V. Pandemic COVID-19: Socio-Economic Challenges and Responses in the Central and Eastern European Countries in the Context of European Integration / Ex. editor N.V. Kulikova. M.: Institute of Economics of the RAS, 2021. (In Russ.). EDN: SXSZNP.
  8. Balassa B. Trade liberalization and “revealed” comparative advantage // The Manchester School. 1965. Vol. 33. No. 2. Pp. 99–123.
  9. Laursen K. Revealed comparative advantage and the alternatives as measures of international specialization // Eurasian Bus Rev. 2015. No. 5. Pp. 99–115. DOI: 10.1007/s40821-015-0017-1.
  10. De Benedictis L., Tamberi M. Overall specialization empirics: techniques and applications // Open economies review. 2004. No. 15. Pp. 323–346.
  11. Leromain E., Orefice G. New Revealed Comparative Advantage Index: dataset and empirical distribution. CEPII Working Paper. 2013.
  12. Obadi S.M. Revealed comparative advantage and competitiveness in the EU-28 and the USA // Economic Review. 2016. Vol. 45. No. 2. Pp. 243–259.
  13. Serin V., Civan A. Revealed comparative advantage and competitiveness: a case study for Turkey towards the EU // Journal of Economic and Social Research. 2008. Vol. 10. No. 2. Pp. 25–41.
  14. Balogh J.M., Jambor A. Determinants of revealed comparative advantages: the case of cheese trade in the European Union // Acta Alimentaria. 2017. Vol. 46. No. 3. Pp. 305–311. DOI: 10.1556/066.2016.0012.
  15. Adigwe E.O. A Comparative analysis of competitive trade in a cluster market of the European Union: the Revealed Comparative Advantage (RCA) Index // Our economy. 2022. Vol. 68. No. 1. Pp. 14–24. DOI: 10.2478/ngoe-2022-0002.
  16. Dennis A., Shepherd B. Trade Facilitation and Export Diversification // The World Economy. 2011. Vol. 34. No. 1. Pp. 101–122.
  17. Ribeiro A.P., Carvalho V., Santos P. Export-led growth in Europe: Where and what to export? // The International Trade Journal. 2016. Vol. 30. No. 4. Pp. 319–344. DOI: 10.1080/08853908.2016.1197806.
  18. Ergum S.J., Yilmaz B. The foreign trade pattern and foreign trade specialization of candidates of the European Union Ezoneplus / Jean Monnet Centre of Excellence. Working Paper No. 19. 2003.

Manuscript submission date: 10.11.2025

Manuscript acceptance date: 24.02.2026

 

For citation:

Chetverikova A.S. The EU foreign trade: transformation of export flows // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2026. № 1 Pp. 156-172. (In Russ.). https://doi.org/10.52180/2073-6487_2026_1_156_172 EDN: QECCSC

  Creative Commons 4.0

© Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk, 2021 - 2026

32, Nakhimovskiy Prospekt, Moscow, Russia 117218, Institute of Economics of the Russian Academy of Sciences.

Phone.: +7 (499) 724-13-91, E-mail: vestnik-ieran@inecon.ru