Abstract
The paper aims to estimate which sector is under-exploited in terms of the trade between Portugal and three other European countries: Latvia, Poland and Ukraine. The Feitoria Model identifies underexploited sector/products for the selected markets in order to increase their exportations. The Feitoria Model is based on the comparative advantage concept of Ricardo with the incorporation of economic, political and competitiveness dimensions. The methodology presented in the study is configured comparing the potential trade indicators to effectively verified ones among the countries and uses a trade database of 2014–2018 period extracted from the United Nations Comtrade free database (UN Comtrade – International Trade Statistics Database).
Highlights
The methodology presented in the study is configured comparing the potential trade indicators to effectively verified ones among the countries and uses a trade database of 2014–2018 period extracted from the United Nations Comtrade free database (UN Comtrade – International Trade Statistics Database)
7208 – Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled, ... 4407 – Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, ... 7306 – Tubes, pipes and hollow profiles «e.g., open seam or welded, riveted, ... 0207 – Meat and edible offal of fowls of the species Gallus domesticus, ducks, geese, ... 2203 – Beer made from malt 8526 – Radar apparatus, radio navigational aid apparatus and radio remote control ... 4819 – Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, ... 3208 – Paints and varnishes, incl. enamels and lacquers, based on synthetic polymers ... 6810 – Articles of cement, concrete or artificial stone, whether or not reinforced
Internationalization is more of an expansion of business from its home market into foreign markets
Summary
The Feitoria Model identifies underexploited sector/products for the selected markets in order to increase their exportations. The Feitoria Model is based on the comparative advantage concept of Ricardo with the incorporation of economic, political and competitiveness dimensions. The methodology presented in the study is configured comparing the potential trade indicators to effectively verified ones among the countries and uses a trade database of 2014–2018 period extracted from the United Nations Comtrade free database (UN Comtrade – International Trade Statistics Database)
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