Perspectives of the Russian agricultural exports in terms of comparative advantage

Abstract

The paper analyses the current position of the Russian Federation in the global market of agricultural products and foodstuffs with the accent on the comparative advantage of Russian agricultural exports in relation to specific regions and states. The key purpose of the research is to classify the most significant changes in the structure of Russian agricultural exports. The results show that the structure of Russian trade is changing continuously and evolving along with the process of economic transformation and trade liberalization. Exports become less diversified and are concentrated in a few segments. From the perspective of comparative advantage, cereals, fish and vegetable oils are the segments of Russian exports which become more significant. The comparative advantages of Russian exports are strengthening mostly in the case of African, Asian and CIS countries.

Keywords

• foreign trade
• foodstuff
• lafay index
• product mapping scheme