EAEU COUNTRIES DYNAMICS OF FOREIGN AND MUTUAL TRADE ANALYSIS BASED ON THE RATIO COEFFICIENT

Eurasian integration is one of the main integration processes taking place on the territory of the post-Soviet states. May 2019 marks five years anniversary since the establishment of the regulatory body of the Eurasian economic commission. Over the years, the Commission has created many institutions and mechanisms in order to promote deeper integration. One of the most objective indicators of economic integration is the dynamics of external and internal (mutual) trade. The article discusses the dynamics of foreign and mutual trade of the countries of the Eurasian Economic Union over the past eight years, starting in 2010. Different indicators are often used to analyze the integration effect, such as the import intensity index (Norheim and Anderson, 1993), or bilateral trade flows (J. A. Brown, 1949), etc. All of the above factors and calculation methodologies show different results that have been constantly presented in numerous studies. This article provides a new approach with the use of the author's coefficient, the feature of which is the use of a special comparison coefficient reflecting the economic efficiency of integration of the EAEU countries. When applying the author's ratio to the dynamic series, it can be argued that integration provides a positive result for the EAEU member states.

Eurasian Economic Union (EAEU), international trade, mutual trade, integration