Characteristics of Serbian foreign trade of agricultural and food products
Agricultural and food products are a significant segment of the total foreign trade of Serbia, which is characterized by a relatively high import dependency, modest export and constantly present deficit. In such conditions, agrarian sector serves as a stabilizer, and its importance is reflected in t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Srpsko udruženje za marketing
2016-01-01
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| Series: | Marketing (Beograd. 1991) |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2016/0354-34711604293B.pdf |
| _version_ | 1811294060732743680 |
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| author | Božić Dragica Nikolić Marija M. |
| author_facet | Božić Dragica Nikolić Marija M. |
| author_sort | Božić Dragica |
| collection | DOAJ |
| description | Agricultural and food products are a significant segment of the total foreign trade of Serbia, which is characterized by a relatively high import dependency, modest export and constantly present deficit. In such conditions, agrarian sector serves as a stabilizer, and its importance is reflected in the permanently positive balance, increased participation, particularly in total exports, and balancing the trade balance of the country. The aim of the paper is to analyze the basic characteristics of foreign trade of agricultural and food products of Serbia in the period 2005-2015. The tendencies in export, import, and the level of coverage of import by export of agro-food (or agrarian) products are analysed. The participation of these products in the total foreign trade of Serbia is also considered, followed by the comparison of this indicator with the neighbouring countries. In the next part of the paper, the structure of Serbian export and import of agricultural and food products (by product groups) is analysed. Special attention is given to the territorial orientation of export and import of agrarian products by the most important trade partners. In order to conduct more comprehensive analysis of comparative advantages, or competitiveness of certain groups of agro-food products of Serbia in the exchange with the world, indicator of Revealed Comparative Advantage (RCA) is calculated. The analysis of qualitative competitiveness is derived using the indicator - unit value of export and import. The analysis points to the dynamic growth in the value of Serbian export and import of agro-food products, with the constant surplus of trade balance in the observed period. These products are significantly represented in the structure of the total foreign trade of the country, particularly in export (with about 20%). RCA indicators show that Serbia has a comparative advantage in trade of agro-food products to the world in primary products and products of lower processing phase. The relatively low unit value of Serbian export of agricultural and food products, even lower than the unit value of import confirm the existence of unfavourable export structure with a dominant share of raw materials and products of lower processing phase comparing to import which is more represented by processed products of higher quality. |
| first_indexed | 2024-04-13T05:12:01Z |
| format | Article |
| id | doaj.art-551a45d17f544ad199e67b9721301dc7 |
| institution | Directory Open Access Journal |
| issn | 0354-3471 2334-8364 |
| language | English |
| last_indexed | 2024-04-13T05:12:01Z |
| publishDate | 2016-01-01 |
| publisher | Srpsko udruženje za marketing |
| record_format | Article |
| series | Marketing (Beograd. 1991) |
| spelling | doaj.art-551a45d17f544ad199e67b9721301dc72022-12-22T03:01:01ZengSrpsko udruženje za marketingMarketing (Beograd. 1991)0354-34712334-83642016-01-0147429330410.5937/markt1604293B0354-34711604293BCharacteristics of Serbian foreign trade of agricultural and food productsBožić Dragica0Nikolić Marija M.1University of Belgrade, Faculty of Agriculture, Belgrade, SerbiaUniversity of Belgrade, Faculty of Agriculture, Belgrade, SerbiaAgricultural and food products are a significant segment of the total foreign trade of Serbia, which is characterized by a relatively high import dependency, modest export and constantly present deficit. In such conditions, agrarian sector serves as a stabilizer, and its importance is reflected in the permanently positive balance, increased participation, particularly in total exports, and balancing the trade balance of the country. The aim of the paper is to analyze the basic characteristics of foreign trade of agricultural and food products of Serbia in the period 2005-2015. The tendencies in export, import, and the level of coverage of import by export of agro-food (or agrarian) products are analysed. The participation of these products in the total foreign trade of Serbia is also considered, followed by the comparison of this indicator with the neighbouring countries. In the next part of the paper, the structure of Serbian export and import of agricultural and food products (by product groups) is analysed. Special attention is given to the territorial orientation of export and import of agrarian products by the most important trade partners. In order to conduct more comprehensive analysis of comparative advantages, or competitiveness of certain groups of agro-food products of Serbia in the exchange with the world, indicator of Revealed Comparative Advantage (RCA) is calculated. The analysis of qualitative competitiveness is derived using the indicator - unit value of export and import. The analysis points to the dynamic growth in the value of Serbian export and import of agro-food products, with the constant surplus of trade balance in the observed period. These products are significantly represented in the structure of the total foreign trade of the country, particularly in export (with about 20%). RCA indicators show that Serbia has a comparative advantage in trade of agro-food products to the world in primary products and products of lower processing phase. The relatively low unit value of Serbian export of agricultural and food products, even lower than the unit value of import confirm the existence of unfavourable export structure with a dominant share of raw materials and products of lower processing phase comparing to import which is more represented by processed products of higher quality.http://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2016/0354-34711604293B.pdfforeign tradeagricultural and food productsrevealed comparative advantageunit value |
| spellingShingle | Božić Dragica Nikolić Marija M. Characteristics of Serbian foreign trade of agricultural and food products Marketing (Beograd. 1991) foreign trade agricultural and food products revealed comparative advantage unit value |
| title | Characteristics of Serbian foreign trade of agricultural and food products |
| title_full | Characteristics of Serbian foreign trade of agricultural and food products |
| title_fullStr | Characteristics of Serbian foreign trade of agricultural and food products |
| title_full_unstemmed | Characteristics of Serbian foreign trade of agricultural and food products |
| title_short | Characteristics of Serbian foreign trade of agricultural and food products |
| title_sort | characteristics of serbian foreign trade of agricultural and food products |
| topic | foreign trade agricultural and food products revealed comparative advantage unit value |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2016/0354-34711604293B.pdf |
| work_keys_str_mv | AT bozicdragica characteristicsofserbianforeigntradeofagriculturalandfoodproducts AT nikolicmarijam characteristicsofserbianforeigntradeofagriculturalandfoodproducts |