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Revealed Comparative Advantage BRICS-EU 28: Some New Evidence

In: Advances in Time Series Data Methods in Applied Economic Research


  • Georgios Xanthos

    (TEI of Crete, University of Applied Sciences)

  • Argiro Moudatsou

    (TEI of Crete, University of Applied Sciences)


The emergence of BRICS as major exporters on international markets is one of the drawing forces behind the industrialized countries’ loss of global markets. China has clearly become the most serious challenge to the EU’s industrial competitiveness. But the BRICs also provide formidable opportunities for exports. The motivation of our study is to focus on the trade relationship between BRICS and EU and through revealed comparative advantage indices to search for new opportunities and challenges created between those great partners. In the present study, focusing on the value of exports of BRICS (Brazil, Russia, India, China and South Africa) to EU28 for the period 2010–2016, we investigate first, in what and how many categories of goods each BRICS-member has a positive standard of normalized comparative effect and second we examined the trade pattern of these countries in respect to their exports to the European Union of 28. Using export data 1233 product groups 4 digits HS 2002 classification we constructed the Normalized Comparative Advantage (NRCA) index for each BRICS-member, and for each year of period 2001–2016.). The results suggest convergence of Brazil and S. Africa and divergence of Russia, China, India economies. Brazil is specialized in primary sector and minerals, Russia is specialized in basic metals, India and China are specialized in primary sector products but they have very strong presence in chemicals, semifinished products and manufacturing. Finally South Africa is specialized in primary sector, textiles and minerals.

Suggested Citation

  • Georgios Xanthos & Argiro Moudatsou, 2018. "Revealed Comparative Advantage BRICS-EU 28: Some New Evidence," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Time Series Data Methods in Applied Economic Research, chapter 0, pages 263-301, Springer.
  • Handle: RePEc:spr:prbchp:978-3-030-02194-8_20
    DOI: 10.1007/978-3-030-02194-8_20

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    More about this item


    Revealed comparative advantage; Balassa’s and normalized indices; Galtonian; Convergence; Emerging economies; BRICS;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F - International Economics


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