Business Excellence, Vol. 13 No. 2, 2019.
Review article
https://doi.org/10.22598/pi-be/2019.13.2.223
INTERNATIONAL TRADE OF OPEC MEMBERS
Petar Mišević
; Sveučilište Sjever, Varaždin
Abstract
Organization of the Petroleum Exporting Countries (OPEC) as an international
organization with its oil price correction instruments has a significant impact on
economic systems and international trade around the world. The paper analyses the
international trade of OPEC Member states for the period 2013 - 2017. The analysis used
indicators of trade balance, intra-industry trade, export share in imports, trade openness
and share of exports in GDP. The research results will show how much OPEC members
are opened in trade and export-oriented. Based on the results of the research, the
recommendations and suggestions of the research are presented.
Keywords
indicators of foreign trade; OPEC; export; import.
Hrčak ID:
230055
URI
Publication date:
12.12.2019.
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