Development and Intensity of Mutual Trade between the Vise-grad Group and the Russian Federation
Elena Kašťáková – Anabela Luptáková
Abstract
Russian's position in the foreign trade relations of the Visegrad Group countries has a long history. Russian Federation is an important trading partner for them, especial-ly in the import of energy raw materials. Poland is the most active trading partner for the Russian Federation within the Visegrad Group. In 2018, the three most exported items of the Visegrad Group to the Russian Federation were machinery and nuclear reactors, cars, and electrical machinery. Mineral fuels accounted for 85 % of the Vis-egrad Group imports from the Russian Federation. The trade intensity between the Visegrad Group countries and the Russian Federation in 2014 - 2018 was higher than one, except for the Czech Republic. That indicates that the Russian Federation has exported relatively more goods to Slovakia, Poland and Hungary than to the rest of the world.
Keywords: foreign trade, trade intensity index, the Russian Federation, the Visegrad Group
JEL Classification: F21, F14
DOI: https://10.2478/stcb-2020-0014
Received: 9.11.2020 Accepted: 28.11.2020 Published: 31.12.2020
How to cite this (APA 7th edition):
Kašťáková, E., & Luptáková, A. (2020). Development and Intensity of Mutual Trade between the Visegrad Group and the Russian Federation. Studia commercialia Bratislavensia: vedecký časopis Obchodnej fakulty Ekonomickej univerzity v Bratislave, 13(4), 339-347.
ISSN (online): 1339-3081
Publisher: Fakulty of Commerce, University of Economics in Bratislava
License:
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.