COMPARATIVE ADVANTAGE OF THE MACEDONIAN EXPORT IN THE CROATIAN MARKET

Abstract

Croatia is an important foreign trading partner of Macedonia, and over the past period, it has been continuously placed on the list of the first fifteen countries with which our country has achieved the highest volume of trade. Because of this, in this paper, it has been made an analysis of the value, dynamics and structure of the foreign trade between the Republic of Macedonia and the Republic of Croatia for the time period of 2006-2013. It has also been analyzed the competitiveness of Macedonian products at the Croatian market in order to determine the product categories with a comparative advantage by using the Balassa Index. The results of the analysis point to the fact that according to the Standard International Trade Classification, the Republic of Macedonia has a comparative advantage in the export of most of the product categories, out of which there have been particularly highlighted the food products, beverages, and tobacco as well as the manufactured goods classified mainly by material.