Abstract

Research background: The period after Poland's accession to the European Union is a period of systematic development of Polish foreign trade in food products. Positive changes were visible already in the first year, but trade turnover and the balance of food exchange were even more dynamic in the subsequent years of Poland's membership in the EU.
 Purpose of the article: One way to assess the competitiveness of Polish food sector is the analysis of comparative advantages (relative) in the trade of products of this sector. So the aim of the presented research is to assess the comparative ad-vantages of the Polish food sector (including its most important chapters).
 Methods: The analysis of comparative advantages was based on relative trade advantage index (RTA) and the Lafay trade balance index (TBI). The analyses cover the years 2004?2017. The data source was the WITS-Comtrade trading database, in which trade flows are expressed in USD. The analysis was carried out at the HS chapter level.
 Findings & Value added: The analysis of comparative advantages in the Polish trade in food products showed that during the membership in the European Union Poland had relative comparative advantages in the food trade on the world market. In the years 2004?2017 Polish export in agri-food products increased more than 4.5 times and the positive balance of trade in these products increased more than 9.0 times. Products in trade of which Poland had comparative advantages in 2017 accounted for 55.5% of trade of the Polish agri-food sector in the global market, i.e. by 12.8% more than in the year of accession of Poland to the EU. The dynamic development of trade in food products after Poland's accession to the EU, as well as significant comparative advantages in trade in these products, testify to the competitiveness and high importance of the Polish food sector for the national economy.

Highlights

  • Foreign trade is one of the most important factors shaping international relations and determining the economic development of states

  • The upward trend has already been revealed in the year of accession (2004), when Polish trade in agri-food products grew by almost 30% when compared to 2003

  • The methodical approach used in the presented study, i.e. the joint use of two indices based on export and import flows for positioning of individual agri-food product groups allowed to go beyond the framework of existing studies and more comprehensively assess the competitive position of the country in trade in certain product groups in the selected market

Read more

Summary

Introduction

Foreign trade is one of the most important factors shaping international relations and determining the economic development of states. Trade is conducive to improving the labour productivity and innovation, which translates into the increased level of employment, salaries and prosperity It is, in the interest of individual states to build a strong competitive position in trade in commodities and services, as this contributes to increasing the value of trade and the level of openness of the economy. In the interest of individual states to build a strong competitive position in trade in commodities and services, as this contributes to increasing the value of trade and the level of openness of the economy This international dimension of competition is the reason why entities participating in the market and competing for the benefits of participating in international trade are facing new challenges, and the conditions under which they operate are more and more difficult.

Objectives
Methods
Results
Discussion
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call