Structural shifts in the Baltic States’ foreign trade
Professor Gennady Fedorov, Doctor of Geography and a distinguished Soviet and Russian researcher, made a significant contribution to the study of economic development in the Baltic states, particularly in their economic relations with Russia. His work consistently underscored the importance of trade...
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| Format: | Article |
| Language: | English |
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Immanuel Kant Baltic Federal University
2024-01-01
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| Series: | Baltic Region |
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| Online Access: | https://balticregion.kantiana.ru/en/jour/15785/81922/ |
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| author | Vladimir G. Varnavskii |
| author_facet | Vladimir G. Varnavskii |
| author_sort | Vladimir G. Varnavskii |
| collection | DOAJ |
| description | Professor Gennady Fedorov, Doctor of Geography and a distinguished Soviet and Russian researcher, made a significant contribution to the study of economic development in the Baltic states, particularly in their economic relations with Russia. His work consistently underscored the importance of trade with Russia for the Baltic economies and its impact on regional production of goods and services. Recent geopolitical shifts have triggered profound structural changes in international trade. This article examines the trade in goods within the Baltic states, as well as between these states and third countries, including Russia. It evaluates the long- and short-term structural shifts in commodity flows, utilizing a comparative analysis of export and import trends based on the latest international statistics. The study covers the period from 2004 to 2024, drawing on annual statistics from 2004—2023 and more granular quarterly and monthly data for 2021—2024, sourced from UN/UNCTAD, Eurostat, WTO, and the World Bank. Employing methods of statistical and structural analysis and Trade Intensity Index (TII) calculations, the article investigates two hypotheses. The first hypothesis, proposing a general increase in the TII between the Baltic states from 2004 to 2023, is partially supported; Lithuania’s exports deviate from the overall trend due to the country’s strong trade links with Poland and Germany. The second hypothesis, asserting the adaptability of Baltic business to geo-economic and geopolitical stresses — including sustained trade with Russia—has been fully confirmed. The article identifies commodity groups where export and import flows between the Baltic states and Russia increased between 2021 and 2023, highlighting potential niches for Russia to maintain or expand its presence.
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| format | Article |
| id | doaj-art-5f39dd88e6984e52bb9bba1a217bcee2 |
| institution | Kabale University |
| issn | 2079-8555 2310-0524 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Immanuel Kant Baltic Federal University |
| record_format | Article |
| series | Baltic Region |
| spelling | doaj-art-5f39dd88e6984e52bb9bba1a217bcee22025-01-24T10:24:59ZengImmanuel Kant Baltic Federal UniversityBaltic Region2079-85552310-05242024-01-01164517110.5922/2079-8555-2024-4-3Structural shifts in the Baltic States’ foreign tradeVladimir G. Varnavskii0Primakov National Research Institute of World Economy and International Relations of the Russian Academy of SciencesProfessor Gennady Fedorov, Doctor of Geography and a distinguished Soviet and Russian researcher, made a significant contribution to the study of economic development in the Baltic states, particularly in their economic relations with Russia. His work consistently underscored the importance of trade with Russia for the Baltic economies and its impact on regional production of goods and services. Recent geopolitical shifts have triggered profound structural changes in international trade. This article examines the trade in goods within the Baltic states, as well as between these states and third countries, including Russia. It evaluates the long- and short-term structural shifts in commodity flows, utilizing a comparative analysis of export and import trends based on the latest international statistics. The study covers the period from 2004 to 2024, drawing on annual statistics from 2004—2023 and more granular quarterly and monthly data for 2021—2024, sourced from UN/UNCTAD, Eurostat, WTO, and the World Bank. Employing methods of statistical and structural analysis and Trade Intensity Index (TII) calculations, the article investigates two hypotheses. The first hypothesis, proposing a general increase in the TII between the Baltic states from 2004 to 2023, is partially supported; Lithuania’s exports deviate from the overall trend due to the country’s strong trade links with Poland and Germany. The second hypothesis, asserting the adaptability of Baltic business to geo-economic and geopolitical stresses — including sustained trade with Russia—has been fully confirmed. The article identifies commodity groups where export and import flows between the Baltic states and Russia increased between 2021 and 2023, highlighting potential niches for Russia to maintain or expand its presence. https://balticregion.kantiana.ru/en/jour/15785/81922/baltic statesforeign tradetrade intensity indexlithuanialatviaestoniarussia |
| spellingShingle | Vladimir G. Varnavskii Structural shifts in the Baltic States’ foreign trade Baltic Region baltic states foreign trade trade intensity index lithuania latvia estonia russia |
| title | Structural shifts in the Baltic States’ foreign trade |
| title_full | Structural shifts in the Baltic States’ foreign trade |
| title_fullStr | Structural shifts in the Baltic States’ foreign trade |
| title_full_unstemmed | Structural shifts in the Baltic States’ foreign trade |
| title_short | Structural shifts in the Baltic States’ foreign trade |
| title_sort | structural shifts in the baltic states foreign trade |
| topic | baltic states foreign trade trade intensity index lithuania latvia estonia russia |
| url | https://balticregion.kantiana.ru/en/jour/15785/81922/ |
| work_keys_str_mv | AT vladimirgvarnavskii structuralshiftsinthebalticstatesforeigntrade |