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Analyzing the foreign trade competitiveness of the Chuvash Republic

Vol. 16, Iss. 3, MARCH 2020

Received: 11 March 2019

Received in revised form: 30 March 2019

Accepted: 22 April 2019

Available online: 16 March 2020

Subject Heading: ECONOMIC POLICY OF THE STATE

JEL Classification: F10, F17, F19, F40

Pages: 478–495

https://doi.org/10.24891/ni.16.3.478

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Mulendeeva A.M. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

https://orcid.org/0000-0002-9852-9804

Subject The article addresses the foreign trade competitiveness of the region.
Objectives The aims of the study are to investigate the efficiency of international trade of the Chuvash Republic; to conduct aggregated and segmented assessment of foreign trade competitiveness of the Chuvash Republic, and to provide recommendations for improving the trading performance.
Methods The study rests on the systems approach, using the statistical and cluster analysis.
Results We considered the current condition of the Russian economy, highlighted the main problems of its development, and substantiated the possibility of resolving them through increasing the efficiency of foreign trade at the level of the country and its regions. We performed an aggregated and segmented assessment of foreign trade competitiveness of the economy of the Chuvash Republic. It enabled to reveal strengths of importer countries in the general commodity turnover and seasonal fluctuations of exports. Our recommendations for improving foreign trade competitiveness rest on the cluster analysis of significant imports and exports. This analysis unveiled countries that contribute to turnover growth in the Chuvash Republic, as well as the main groups of commodities contributing to the balance of sales volume.
Conclusions To improve the competitiveness of foreign trade of the Chuvash Republic, it is crucial to increase the efficiency of trade flow, i.e. imports from Belarus and the Netherlands, and exports to Armenia and Lithuania.

Keywords: foreign trade, cluster analysis, competitive ability, product mix, commodity circulation

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