Export Shares and Relative Export Affinities of Goods and Services of European OECD Countries, 2007

Abstract

Using recent Organization for Economic Co-operation and Development (OECD) data on bilateral exports of services and International Monetary Fund (IMF) data on bilateral exports of goods, this paper compares goods and services as regards export proportions and relative export affinity for 20 OECD countries in 2007. It finds great diversity in bilateral exports of both goods and services and between countries. Whereas the 20 countries as a region have significant relative affinity in both types of exports, most countries have strong relations with only particular partners in the region, and even export aversion with others. If minimal diffusion is used as an indicator of regional integration, there is little such internal integration in the European OECD countries in exports of goods and less of services.