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Agrar‐ und Lebensmittelexporte aus den mittel‐ und osteuropäischen EU‐ Mitgliedsstaaten holen auf
Author(s) -
Bojnec Štefan,
Čechura Lukáš,
Fałkowski Jan,
Fertő Imre
Publication year - 2021
Publication title -
eurochoices
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.487
H-Index - 15
eISSN - 1746-692X
pISSN - 1478-0917
DOI - 10.1111/1746-692x.12307
Subject(s) - diversification (marketing strategy) , margin (machine learning) , european union , international trade , slovak , business , product (mathematics) , international economics , economics , czech , linguistics , philosophy , geometry , mathematics , marketing , machine learning , computer science
Summary Countries from Central and Eastern Europe (CEE) that joined the European Union (EU) since May 2004 have recorded rapid increases in their agri‐food exports. While this increase in participation in international trade has been global, the CEE‐11 countries have mainly targeted the EU market. Poland, Hungary, Czechia and Romania are among those countries that have increased their agri‐food exports the most. We find that many CEE‐11 countries, especially Czechia and the Slovak Republic, Estonia, Hungary and Poland, have achieved their export expansion along the intensive margin, i.e. the expansion of average exports per existing product with existing trade partners. The extensive margin, i.e. an increase in the number of exported products with existing and new trade partners, along with a degree of product diversification in established markets was important for Lithuania, Romania and Estonia. We also note that in order to further benefit from an increased participation in trade, CEE countries need to switch from predominantly exporting traditional products towards penetrating more innovative product segments, along with new varieties of established products; and thus base their export expansion to a larger extent on the extensive margin.