IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0256242.html
   My bibliography  Save this article

Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement

Author

Listed:
  • Julieth P Cubillos T.
  • Béla Soltész
  • László Vasa

Abstract

Generally, research and studies about commodities focus on price trends, analysis in terms of international competitiveness, market position structure, rate of net exports, market share, and concentration index. This paper has developed an analysis of the most influential agricultural commodities traded from Colombia to European Union, which are bananas, coffee, and palm oil. Analyzing the economic and commercial effects in two traditional agricultural commodities from Colombia (bananas and coffee) with the rise of palm oil as a commodity in the trade relation with its partner; the European Union. The structure draws from the overview of general aspects and the behavior of Colombian foreign trade, as diversification of export products and trade partners, to focus on the characteristics of the trade relationship between the European Union and Colombia. The aim is analyze the proportional relation between bananas, coffee, and palm oil exported to the EU, according to three indicators, the volume of production, exports share, and trade value, from 2008 until 2019, identifying the trends before and after the implementation of the free trade agreement. Finally, with the coefficient correlation, determine the agricultural commodity that has the strongest and positive relationship with the total agricultural exports value from Colombia to the European Union.

Suggested Citation

  • Julieth P Cubillos T. & Béla Soltész & László Vasa, 2021. "Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement," PLOS ONE, Public Library of Science, vol. 16(8), pages 1-17, August.
    • Handle: RePEc:plo:pone00:0256242
    DOI: 10.1371/journal.pone.0256242
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0256242
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0256242&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0256242?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Leonardo Villar & Pilar Esguerra, 2005. "Comercio Exterior Colombiano En El Siglo Xx," Borradores de Economia 358, Banco de la Republica de Colombia.
    2. Zaghum Umar & Mariya Gubareva & Muhammad Naeem & Ayesha Akhter, 2021. "Return and volatility transmission between oil price shocks and agricultural commodities," PLOS ONE, Public Library of Science, vol. 16(2), pages 1-18, February.
    3. Xing Yao & Yongzhong Zhang & Rizwana Yasmeen & Zhen Cai, 2021. "The impact of preferential trade agreements on bilateral trade: A structural gravity model analysis," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-20, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhuo Chen & Bo Yan & Hanwen Kang, 2022. "Dynamic correlation between crude oil and agricultural futures markets," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1798-1849, August.
    2. Lu, Ran & Xu, Wen & Zeng, Hongjun & Zhou, Xiangjing, 2023. "Volatility connectedness among the Indian equity and major commodity markets under the COVID-19 scenario," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1465-1481.
    3. George Alessandria & Oscar Avila, 2023. "Trade Integration, Industry Reallocation, and Welfare in Colombia," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 649-687, September.
    4. Miroslava Ivanova & Lilko Dospatliev, 2023. "Effects of Diesel Price on Changes in Agricultural Commodity Prices in Bulgaria," Mathematics, MDPI, vol. 11(3), pages 1-22, January.
    5. Miguel Urrutia & Olga Marcela Namen, 2012. "Historia del crédito hipotecario en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(67), pages 282-306, July.
    6. Carlos Humberto Ortiz, 2014. "Política y crecimiento económico en Colombia, 1906-2009," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 16(31), pages 195-222, July-Dece.
    7. Christopher M. Dent, 2021. "Trade, Climate and Energy: A New Study on Climate Action through Free Trade Agreements," Energies, MDPI, vol. 14(14), pages 1-30, July.
    8. Cagli, Efe Caglar & Mandaci, Pinar Evrim & Taskin, Dilvin, 2023. "The volatility connectedness between agricultural commodity and agri businesses: Evidence from time-varying extended joint approach," Finance Research Letters, Elsevier, vol. 52(C).
    9. Umar, Zaghum & Aziz, Saqib & Tawil, Dima, 2021. "The impact of COVID-19 induced panic on the return and volatility of precious metals," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    10. Lucas Wilfried Hahn-De-Castro & Adolfo Meisel-Roca, 2018. "La desigualdad económica entre las regiones de Colombia, 1926-2016," Cuadernos de Historia Económica 47, Banco de la Republica de Colombia.
    11. Cheng, Natalie Fang Ling & Hasanov, Akram Shavkatovich & Poon, Wai Ching & Bouri, Elie, 2023. "The US-China trade war and the volatility linkages between energy and agricultural commodities," Energy Economics, Elsevier, vol. 120(C).
    12. Tiwari, Aviral Kumar & Abakah, Emmanuel Joel Aikins & Adewuyi, Adeolu O. & Lee, Chien-Chiang, 2022. "Quantile risk spillovers between energy and agricultural commodity markets: Evidence from pre and during COVID-19 outbreak," Energy Economics, Elsevier, vol. 113(C).
    13. Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "La tasa de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(57), pages 282-319, December.
    14. Juliana Jaramillo-Echeverri. & Adolfo Meisel-Roca. & María Teresa Ramírez-Giraldo., 2016. "La Gran Depresión en Colombia: Un estímulo a la industrialización, 1930-1953," Cuadernos de Historia Económica 39, Banco de la Republica de Colombia.
    15. Jorge García García & María Mercedes Collazos & Enrique Montes Uribe, 2015. "Las instituciones en el sector externo colombiano: ¿Apoyo o escollo al comercio?," Borradores de Economia 889, Banco de la Republica de Colombia.
    16. Juan José Echavarría & Enrique López E. & Martha Misas A., 2008. "Desalineamiento de la tasa de cambio, destorcidas de cuenta corriente y ataques especulativos en Colombia," Coyuntura Económica, Fedesarrollo, December.
    17. Ortiz Quevedo Carlos Humberto & Jiménez Restrepo Diana Marcela, 2015. "El Crecimiento Económico Y El Poder Adquisitivo En Colombia," Documentos de Trabajo 12887, Universidad del Valle, CIDSE.
    18. Gustavo HERNÁNDEZ, 2013. "Una resena de los efectos del Tratado de Libre Comercio entre Colombia y Estados Unidos," Archivos de Economía 11204, Departamento Nacional de Planeación.
    19. Rafael Puyana Martínez-Villaba, 2010. "El efecto Balassa-Samuelson en Colombia," Borradores de Economia 630, Banco de la Republica de Colombia.
    20. Carlos Esteban Posada & Camilo Morales J., 2007. "Inflación y apertura: evidencia para Colombia (1980-2005)," Borradores de Economia 4286, Banco de la Republica.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0256242. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.