Prioritizing Agri-goods for Exports from India to European Union through Revealed Comparative Advantage
India and the European Union (EU) share a strong trading relationship, where agricultural commodities play a very crucial role to develop two-way trade. The identification of agri-commodities of high potential would enhance trade efficiency and maximize economic rewards. This research uses Revealed Comparative Advantage (RCA) to quantify India's potential to export farm products to the EU market. Based on World Integrated Trade Solution (WITS) database figures, RCA is obtained at the HS 6-digit level for 664 agri-commodities. RCA assists to find out India's relative competitiveness in certain agri-goods by comparing its export performance with world trends. This study offers a general analysis of India's agricultural trade competitiveness within the European Union. The findings reveal significant products on which India has a significant comparative advantage and areas in which trade is not fully exploited. This study provides vital information to policymakers, exporters, and trade associations to design trade policies, enhance market access, and enhance competitiveness within the European Union market. The research findings can support the stakeholders in determining agricultural products that are compatible with India's export potential and the European Union's demand. Prioritizing products with potential, India can increase its presence in the EU market and support sustainable and profitable trade relations. Furthermore, the research points out that decision-making through data is an essential consideration in making global trade strategies and therefore is an important reference point in future trade negotiations and policymaking.
Institutions
- Institute of Infrastructure Technology Research and Management (IN)
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2025-03-28
- DOI
- https://doi.org/10.5281/zenodo.15100855
- Primary Topic
- Global Trade and Competitiveness
- Type
- article
- Field-Weighted Citation Impact
- 0.00