TRADE IN ENGINEERING PRODUCTS BETWEEN TÜRKİYE AND RUSSIA: COMPARATIVE ADVANTAGE ANALYSIS

Authors : Barış TÜRKKAN, Vladimir G. SHEROV-IGNATEV

Pages : 67-79

View : 59 | Download : 51

Publication Date : 2023-08-01

Article Type : Research Paper

Abstract :The bilateral economic relations, cooperation and bilateral institutional environment between Republic of Türkiye insert ignore into journalissuearticles values(Türkiye); and Russian Federation insert ignore into journalissuearticles values(Russia); are all developing rapidly. This study presents a brief introduction to current bilateral trade relations based on trade in goods, trade in services and foreign direct investment. The special accent is made on the trade in engineering products. In addition, the study examines the short-term positive impact of the Russia-Ukraine crisis on Türkiye-Russia bilateral trade. The other subject of this study to examine the comparative advantages of Türkiye and Russia in terms of engineering products with the help of Revealed Comparative Advantage insert ignore into journalissuearticles values(RCA); index, for the period of 2012 to 2021. Findings indicate that Türkiye has comparative advantage insert ignore into journalissuearticles values(RCA>1); for vehicles other than railway or tramway rolling and ships, boats, however for Turkish export to Russia most important groups are machinery products and vehicles insert ignore into journalissuearticles values(other than railway...);. On the other hand, Russia has a competitive advantage only in railway or tramway locomotives. Another important finding is that Turkish export to Russia dramatically grew during 2022 in engineering products due to Ukraine crisis. However, transit trade has a significant share in this increase.
Keywords : Mühendislik Ürünleri, Türkiye, Rusya, Açıklamalı Karşılıklı Üstünlükler