Abstract
Oil crops are very significant, both in the world and in Serbia. In terms of production, the three most important oil crops in Serbia are sunflower, soybean and rapeseed. Beside significant oil crops production, substantial quantities of oil are produced as well due to significant processing capacities in Serbia. Considering the fact that over the last few decades Serbian market has been characterized by integration with the international market and considering the actual market liberalization with the EU, CEFTA countries, Russia and others, this paper analyses production and export of oil crops with special emphasis on comparative advantages in the export of oil crops using the method of revealed comparative advantage. Also, the level of intra-industry trade is considered in relation to the international market, EU and CEFTA countries. The results indicate that oils have more significant comparative advantage on the international market, especially sunflower oil.
Highlights
In order to define the degree of integration of Serbia's oil crops market with the international market, as well as the most important markets (EU and CEFTA), the intra-industrial exchange index established by Grubel & Lloyd (1975) was used: where: X – export; M – import; i – country; j – division/commodity group
According to SORS (2019), more than 90% of total sunflower, soybean and rapeseed production comes from the northern Serbia, which is expected considering the size of area harvested with these three crops
Comparative advantages of export of oil crops from Serbia Analysing the levels of comparative advantage for the main oil crops products (Figure 6), it is obvious that sunflower has the highest level of comparative
Summary
Birovljev et al (2015) examined Serbian agri-food products competitiveness on the market of region countries and found that in the analysed period processed oil crops had greater comparative advantages than oilseeds. Regarding the level of integration of these products with international market, using the intra-industrial trade index, Matkovski et al (2017) noticed a greater degree of integration of the market for oilseeds for processed oil crops.
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