engleski

The Export Competitiveness of EU28 Countries

The paper focuses on international trade characterized by trade indicators and more specifically, addresses international competitiveness of the 28 European Union Member countries, shown through said indicators. This allows for a further in-depth research which presents interconnectivity and interdependence of these factors which influence competitiveness among the EU countries and on a global level. The highlight is on exports, however, international competitiveness has been discussed as well. The basic aim of the paper is to measure international trade performance and the competitiveness among the EU 28 Member countries. The main results of the paper indicate international competitiveness detected by measuring, evaluation of the countries’ GDP and trade openness, especially on foreign markets, recommendations and proposals in order to reach a higher level of international trade. The methodology of this research is based on the implementation of different trade performance indicators like intra-industry trade, balance of trade, export as a share of GDP and other important indicators. Results imply values which mainly grow as the years go by which are promising results, as even the least developed countries within the Union are increasing their international competitiveness. These positive results are the product of the initiatives the European Union is implementing but also the countries’ own economic policies.

EU countries, export, import, international competitiveness

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