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Correlation between the Greatest Agricultural Products Exporters to the EU: is Ukraine included?

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  • Kiforenko, Oksana

Abstract

Due to the challenges we are experiencing nowadays, the importance of food security is gaining in its attention, making the subjects supplying agricultural production and ready-made food products more important and influential either economically or politically. The data under research are the agricultural products exports of Brazil, Canada, China, Ukraine, the United Kingdom and the United States to the European Union. The agricultural products are the goods from SITC (0+1) groups. The timeframe under analysis is eleven years – from 2012 to 2022 included. The purpose of the research is to assess whether the Ukrainian agricultural exports to the EU are correlated with the said exports of Brazil, Canada, China, the UK and the USA, and, if they are, how strong the correlation is. The comparative analysis of the dynamics, simple statistics, differences with the previous periods for the agricultural products exports of the analysed subjects to the EU was conducted. The trend lines for the analysed data during the given timeframe and two following years, were built using the appropriate function. The Pearson and Spearman correlation coefficients and their corresponding p-values were calculated and analysed.

Suggested Citation

  • Kiforenko, Oksana, 2023. "Correlation between the Greatest Agricultural Products Exporters to the EU: is Ukraine included?," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 15(3), September.
  • Handle: RePEc:ags:aolpei:348892
    DOI: 10.22004/ag.econ.348892
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    References listed on IDEAS

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    1. Dicle Ozdemir, 2017. "Causal Relationship between Agricultural Exports and Exchange Rate: Evidence for India," Applied Economics and Finance, Redfame publishing, vol. 4(6), pages 36-41, November.
    2. Lubomír Civín & Luboš Smutka, 2020. "Vulnerability of European Union Economies in Agro Trade," Sustainability, MDPI, vol. 12(12), pages 1-33, June.
    3. Bilge Erten & Jessica Leight, 2021. "Exporting Out of Agriculture: The Impact of WTO Accession on Structural Transformation in China," The Review of Economics and Statistics, MIT Press, vol. 103(2), pages 364-380, May.
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