international trade

Topics: International trade, Vietnam, Rice Pages: 3 (1493 words) Published: October 26, 2014

Analyze and comment about RCA of Vietnam based on data from Trade Map in 2012. Contents
Introduce about RCA
Analyse of some VN’s industries
Evaluation of statistics
Case study of Rice: RCA of Vietnam Rice in comparision with Thailand Introduction
Coefficient of Revealed Comparative Advantage (RCA).
• Represent comparative advantage or disadvantage of a certain country in a certain goods or services. • It is based on the Ricardian comparative advantage concept.

EX1 : Export value of commodity X of a nation (in a year)
EC: Total export value of a nation (in a year)
EX2: Export value of commodity X of the world (in a year)
EW: Total export value of the world (in a year)
To evaluate comparative advantage of 1 commodity of a nation: RCA ≤ 1: the nation does not have comparative advantage in commodity X. 1< RCA < 2.5: the nation has comparative advantage in commodity X. RCA ≥ 2.5: the nation has vey high comparative advantage in commodity X. Analysis of some VN’ industries

HS code Description Ex1 (thousand $) Ec Ex2 Ew Ex1/Ec Ex2/Ew RCA 1006 Rice 2635382.0 124,155,913 22,593,429 18,058,027,326 0.0212 0.0013 16.9654 901 Coffee 3475120.0 124,155,913 33419787 18058027326 0.0280 0.0019 15.1241 2709 Petroleum oils and oils obtained from bituminous minerals, crude 8603379.0 124,155,913 1,670,528,603 18,058,027,326 0.0693 0.0925 0.7491 6204 Women's suits, jackets,dresses skirts etc&shorts 2,028,166 124,155,913 53,226,046 18,058,027,326 0.0163 0.0029 5.5422 2710 Petroleum oils, other than crude 518,480 124,155,913 1,000,009,760 18,058,027,326 0.0042 0.0554 0.0754 3004 Medicaments 66959.8 124,155,913 298,176,187.75 18,058,027,326 0.0005 0.0165 0.0327 7208 Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated. 24900.9 124,155,913 46,497,700.27 18,058,027,326 0.0002 0.0026 0.0779 8517 Telephone sets, including telephones for cellular networks 13156951.9 124,155,913 308,869,145.70...
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