Analysis of Trade Competitiveness of Pakistan Cereal Products in Global Perspective
DOI:
https://doi.org/10.47067/reads.v6i1.187Keywords:
Competitiveness, Cereal Exports, Revealed Comparative Advantage, Revealed Trade AdvantageAbstract
The present study has measured the cereal export competitiveness of Pakistan in global economy by utilizing different indices of Revealed comparative advantage (RCA): Balassa index (RCA), Vollrath index (RCA#), Revealed symmetric comparative advantage index (RSCA), Revealed import advantage index (RMA), Revealed trade advantage index (RTA) and Net export index (NEI). The data have been obtained from the International Trade Center UN-COMTRADE Statistics for cereal exports of Pakistan from 2003-2018. The findings of the analysis illustrate that Pakistan had a comparative and competitive advantage in the cereal sector. Further, the findings of the RTA index show that Pakistan’s cereal exports had also a net comparative advantage. Based on current findings, Pakistan needs to concentrate on production and exports of cereals. The brand name marketing of Pakistani rice with a special focus on better quality and improved market access can enhance the country’s share of the cereal sector in the global market.
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