Assesment of export competitiveness of European Union countries in the food and beverage sector
Keywords:Revealed Comparative Advantage (RCA) index, Export competitiveness, European Union, Food and beverage sector
Export competitiveness of European Union countries in the food and beverages sector is analyzed and assessed in the article. Research is carried out using the revealed comparative advantage index method for the period of 2012-2018. Research results showed that more than a half of European Union countries are competitive in the export of goods in the food and beverage sector. Food and beverage sector often does not require many or smart technologies, exceptional arrangements, geographic or economic opportunities thus making most of the European Union countries competitive in the food and beverage sector. Those countries also maintain their position in the long run and improve it. The most competitive of all European Union countries were found to be Latvia, Greece, Denmark, Spain and Lithuania, while having done the more comprehensive research of the export competitiveness of these countries it was noticed that the countries specialize most in the export of those food products and beverages, the production or procurement of which, they have, likely, the best possible conditions. On the other hand, research results showed that even those countries that are competitive in the export of goods in the food and beverage sector may not remain such in the export of particular food products and beverages.