On the Indicative Approach to Assessing International Trade within the EAEU

The paper analyzes statistical data characterizing the international trade of EAEU member countries, including a structured analysis by product groups and the share of EAEU member countries in mutual trade. It was found that the main volume of goods turnover accounts for the Russian Federation (61.95%), and the share of communication services is 81.22%. Moreover, the authors conducted a descriptive review of scientific sources that characterize international trade using indicators of sector-oriented trade exchange, trade balance, movement of goods, and the level of border transparency. The considered indicators can be used as basic indicators to study and evaluate international trade relations and the main economic indicators of the EAEU countries, which emphasizes the importance of the correctness of their application and the need to reduce the error in the assessment of international trade. It is noted that EAEU member countries have different points of view on international trade, increasing exports and trade transparency. Despite some differences, the countries have significant preferences due to the region's unification.

Authors
Language
English
Pages
215-219
Status
Published
Year
2023
Organizations
  • 1 Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University)
  • 2 Russian Customs Academy
Keywords
trade balance; movement of goods; level of border transparency
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