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International trade of the European Union?s countries. A comparative analysis

Author

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  • Elena-Daniela VIORICA

Abstract

This paper?s main objective is to comparatively identify the groups of EU countries that have similar characteristics regarding the international trade performance indicators, for 2007, before the economic crisis burst, and 2009, the lowest point of the economic crisis, when the international trade suffered the most important decline in export?s volume according to the World Trade Organisation (WTO) report on International Trade in 2010. Using the factorial analysis, we construct an international trade map for 2007 and 2009, and we evaluate the differences between the two moments and define profiles for the aforementioned years. The paper is structured into 2 main parts. The first part deals with the data and methodology used, and in the second part we present the analysis to which we identify the similar groups of countries in terms of international trade performance and, then,we present the 2007 and 2009 trade profiles based on the international trade statistics provided by the main specialised institutes.

Suggested Citation

  • Elena-Daniela VIORICA, 2011. "International trade of the European Union?s countries. A comparative analysis," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 20(2), pages 179-187.
  • Handle: RePEc:zan:ygzier:v:20:y:2011:i:2:p:179-187
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