BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The Directions and Scale of Structural Shifts in the Foreign Trade of the Baltic Countries within the EU
Dovgal O. A., Shuba M. V.

Dovgal, Olena A., and Shuba, Maryna V. (2025) “The Directions and Scale of Structural Shifts in the Foreign Trade of the Baltic Countries within the EU.” Business Inform 7:29–35.
https://doi.org/10.32983/2222-4459-2025-7-29-35

Section: International Economic Relations

Article is written in English
Downloads/views: 0

Download article (pdf) -

UDC 339.924

Abstract:
The aim of the article is to conduct a comparative analysis of export-import flows among the Baltic countries and with other countries, based on the latest official statistical data from international organizations, and to assess the directions and scales of long- and short-term structural shifts in their foreign trade. The research methods include the use of statistical processing of data over an extended period, identification and construction of trends, conducting inter-country comparative analysis, structural analysis methods, and trade intensity index evaluation methods. It is argued that the export growth rates during economic upturns in all three countries exceeded the average EU figures not only at the initial stage after their accession to the European Union (2004–2007) but also thereafter, up to 2022, due to not only the relatively low starting levels of production but also the high competitiveness of products manufactured in the Baltic countries, which is determined by two factors: a) comparable in quality to other leading industrial countries of the EU (for example, Germany, France) productive forces (means of production, equipment, technologies, etc.); b) relatively low wages. It has been determined that the main foreign trade partners of the Baltic countries are the neighboring and adjacent EU countries. It is substantiated that geopolitical problems, European trends in economic development on declining trajectories, and Western sanctions against Russia have defined the directions, scales, and depth of structural shifts in the foreign trade of the Baltic countries. Therefore, the sharp decline in the export and import indicators of the Baltic countries in 2023 is associated with the unfavorable overall economic conditions in their economies and in their current foreign trade partners, as well as with long-standing difficulties and actual stagnation of the EU economy. The Baltic countries are characterized by a high level of interdependence and regional trade integration. The only exception to the overall trend of increasing trade intensity index is Lithuania’s exports, which is explained by its increased orientation in foreign trade towards Poland and Germany.

Keywords: foreign trade, Baltic countries, Lithuania, Latvia, Estonia, European Union, foreign trade relations.

Fig.: 3. Tabl.: 3. Bibl.: 14.

Dovgal Olena A. – Doctor of Sciences (Economics), Professor, Professor, Department of International Economic Relations and Logistics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Shuba Maryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations and Logistics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

“Trade (% of GDP) - Estonia, Latvia, Lithuania“. World Bank Database. https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS?locations=EE-LV-LT
Baur, A. et al. “Rethinking Geoeconomics: Trade Policy Scenarios for Europe's Economy“. EconPol Policy Report. 2023. https://www.ifo.de/en/econpol/publications/2023/working-paper/rethinking-geoeconomics-trade-policy-scenarios-europes-economy
Eckert, S. “Business Power and the Geoeconomic Turn in the Single European Market“. Journal of Common Market Studies, vol. 62, no. 4 (2024): 973-992. DOI: https://doi.org/10.1111/jcms.13604
Fiott, D. “From Liberalisation to Industrial Policy: Towards a Geoeconomic Turn in the European Defence Market?“ Journal of Common Market Studies, vol. 62, no. 4 (2024): 1012-1027. DOI: https://doi.org/10.1111/jcms.13600
Freudlsperger, C., and Meunier, S. “When Foreign Policy Becomes Trade Policy: The EU's Anti-Coercion Instrument“. Journal of Common Market Studies, vol. 62, no. 4 (2024): 1063-1079. DOI: https://doi.org/10.1111/jcms.13593
Christou, A., and Damro, C. “Frames and issue linkage: EU trade policy in the geoeconomic turn“. Journal of Common Market Studies, vol. 62, no. 4 (2024): 1080-1096. DOI: https://doi.org/10.1111/jcms.13598
Alessandria, G., Johnson, R. C., and Yi, K.-M. “Perspectives on trade and structural transformation“. Oxford Development Studies, vol. 51, no. 4 (2023): 455-475. DOI: https://doi.org/10.1080/13600 818.2023.2279665
Lewis, L. et al. “Structural Change and Global Trade“. Journal of the European Economic Association, vol. 20, no. 1 (2022): 476-512. DOI: https://doi.org/10.1093/jeea/jvab024
Rohit, K. “Global value chains and structural transformation: evidence from the developing world“. Structural Change and Economic Dynamics, vol. 66 (2023): 285-299. DOI: https://doi.org/10.1016/j.strueco.2023.05.006
Lund, S. et al. “Globalization in Transition: The Future of Trade and Value Chains“. McKinsey Global Institute, 2019. https://www.mckinsey.com/featured-insights/innovation-and-growth/globalization-in-transition-the-future-of-trade-and-value-chains
Afonso, A. et al. “Long-run relationship between exports and imports: current account sustainability tests for the EU“. Portuguese Economic Journal, vol. 19, no. 2 (2019): 155-170. DOI: https://doi.org/10.1007/s10258-019-00168-x
WTO Stats. https://stats.wto.org/
Trade Map. https://www.trademap.org/Product_SelCountry_TS.aspx
Eurostat. https://ec.europa.eu/eurostat/databrowser/view/ds-018995-__custom_12161354/default/table?lang=en

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster