REGIONAL COOPERATION AND ECONOMIC INTEGRATION
REGIONAL COOPERATION AND ECONOMIC INTEGRATION REGIONAL COOPERATION AND ECONOMIC INTEGRATION
CEFTA-2006 TRADE COOPERATION Table 4: Imports of the Republic of Macedonia from the countries in the region of SEE (thousands of US$) Countries 2000 2001 2002 2003 2004 2005 2006 2007 1) Albania Bosnia & Herzegovina Croatia 3093 (1.2%) 5337 (2.08%) 57858 (22.54%) 1306 (0.62%) 4150 (1.98%) 46391 (22.10%) 1127 (0.44%) 14299 (5.59%) 55229 (21.59%) 3963 (1.36%) 11753 (4.02%) 63550 (21.76%) 6346 (1.16%) 16306 (2.97%) 65782 (12%) 9077 (2.44%) 23582 (6.34%) 75253 (20.22%) 11722 (2.92%) 26515 (6.62%) 79030 (19.72%) 19522 (3.18%) 34518 (5.63%) 109737 (17.89%) Montenegro 2) - - - - - - - 1339 (0.22%) Kosovo 3) - - - - - - - - Serbia 2) - - - - - - - Serbia and - Montenegro 2) S.R. 190362 Yugoslavia 2) (74.17%) Total CEFTA 256650 (100%) 158020 (75.30%) 185191 (72.38%) 212799 (72.86%) 459544 (83.86%) 264215 (71%) 283412 (70.73%) 448404 (73.08%) - - - - - - - 209867 (100%) 255846 (100%) 292065 (100%) 547978 (100%) 372127 (100%) 400679 (100%) - 613520 (100%) Total imports 2093872 1693601 1995156 2306353 2934626 3232837 3752256 5227576 Concentration 12.25% 12.40% 12.83% 12.66% 18.67% 11.51% 10.68% 11.74% of Imports 4) Source: Computations are according to the data obtained from the State Statistical Office of the Republic of Macedonia, for selected years. Note: 1) Preliminary data; 2) Naming is according to the official name of a country 3) No data is available since only countries with significant participation in Macedonian imports are shown 4) Computation is according to Michaely’s formula C r = 100 Σ (X i / X) 2 where X i .......national imports in certain country in certain period; X ...... total national imports in certain period In order to show the difference between the geographical concentration of Macedonian imports and exports, we compute Michaely’s coefficient of concentration C r. The results of the computed coefficients of concentration (given in the last row of Tables 4 and 5) show greater concentration on the export than on the import side, which is in accordance with economic theory (Sekulovska-Gaber 2004, p.361). Since lower coefficients are signs of higher diversification (exports or imports are not highly concentrated), the obtained results for the geographical concentration of imports and exports show more than clear that, due to signed CEFTA-2006 agreement, coefficients are lower in the years 2006 and 2007 (compared with the previous years), which is a sign for a more balanced trade exchange of the Republic of Macedonia within the Region of SEE, after 2006. In other words, the “neighbors” of the Republic of Macedonia, after signing the CEFTA-2600 agreement, started to come back! 177
PART II: Table 5: Exports of the Republic of Macedonia in the countries of the region of SEE (thousands of US$) Countries 2000 2001 2002 2003 2004 2005 2006 2007 1) Albania 12834 (3.06%) 10019 (2.85%) 13871 (4.11%) 17419 (4.55%) 23689 (4.89%) 27522 (4.45%) 40708 (5.15%) 72894 (7.54%) Bosnia & Herzegovina 23197 (5.54%) 16283 (4.63%) 18310 (5.42%) 23793 (6.22%) 33226 (6.85%) 50457 (8.15%) 65793 (8.32%) 88021 (9.1%) Croatia 47689 (11.39%) 58488 (16.62%) 59078 (17.5%) 66174 (17.31%) 80158 (16.54%) 81075 (13.1%) 124707 (15.77%) 163869 (16.95%) Montenegro 2) - - - - - - - Kosovo 3) - - - - - - - - Serbia 2) - - - - - - - 2768 (0.29%) 639415 (86.13%) Serbia and Montenegro 2) - 267013 (76%) 246384 (72.97%) 274994 (71.92%) 347602 (71.72%) 459661 (74.29%) 559609 (70.76%) - S.R. 335103 Yugoslavia 2) (80%) Total CEFTA 418823 (100%) 351803 (100%) 337643 (100%) 382380 (100%) 484675 (100%) 618715 (100%) 790817 (100%) 966967 (100%) Total exports 1322617 1157507 1115527 1366989 1675877 2415161 3356248 3356248 Concentration 31.67% 30.40% 30.27% 27.97% 28.91% 27.33% 23.56% 28.80% of Exports 4) Source: Computations are according to the data obtained from the State Statistical Office of the Republic of Macedonia, for selected years. Note: 1) Preliminary data; 2) Naming is according to the official name of a country 3) No data is available since only countries with significant participation in Macedonian exports are shown 4) Computation is according to Michaely’s formula C r = 100 Σ (X i / X) 2 where X i .......national exports in certain country in certain period; X ...... total national exports in certain period CONCLUSIONS After the disintegration of the Soviet Union and dissolution of the Warsaw pact, the four and a half decade dichotomy of the world (“East” and “West”) came to an end. The process of fragmentation, besides the Soviet Union, was likewise inevitable for other multinational countries, such as Yugoslavia. Thus, on the territory of Yugoslavia seven independent entities came into existence, Republic of Macedonia, being among them as well. No matter the fact that apart from the sub-regions of former Yugoslavia, Albania joined the group of SEE countries, in economic terms, the “remaining” of the region of SEE (so called “Western Balkans”) is relatively small, especially because the two largest economies, Bulgaria and Romania left the “region” and joined the EU. With the disintegration of Yugoslavia, traditional links were interrupted, contrary the 1980s, when the “home market” played an important role and exports between the various republics of the SFRY ranged 178
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PART II:<br />
Table 5: Exports of the Republic of Macedonia in the countries<br />
of the region of SEE (thousands of US$)<br />
Countries 2000 2001 2002 2003 2004 2005 2006 2007 1)<br />
Albania<br />
12834<br />
(3.06%)<br />
10019<br />
(2.85%)<br />
13871<br />
(4.11%)<br />
17419<br />
(4.55%)<br />
23689<br />
(4.89%)<br />
27522<br />
(4.45%)<br />
40708<br />
(5.15%)<br />
72894<br />
(7.54%)<br />
Bosnia &<br />
Herzegovina<br />
23197<br />
(5.54%)<br />
16283<br />
(4.63%)<br />
18310<br />
(5.42%)<br />
23793<br />
(6.22%)<br />
33226<br />
(6.85%)<br />
50457<br />
(8.15%)<br />
65793<br />
(8.32%)<br />
88021<br />
(9.1%)<br />
Croatia<br />
47689<br />
(11.39%)<br />
58488<br />
(16.62%)<br />
59078<br />
(17.5%)<br />
66174<br />
(17.31%)<br />
80158<br />
(16.54%)<br />
81075<br />
(13.1%)<br />
124707<br />
(15.77%)<br />
163869<br />
(16.95%)<br />
Montenegro 2) - - - - - - -<br />
Kosovo 3) - - - - - - - -<br />
Serbia 2) - - - - - - -<br />
2768<br />
(0.29%)<br />
639415<br />
(86.13%)<br />
Serbia and<br />
Montenegro 2) -<br />
267013<br />
(76%)<br />
246384<br />
(72.97%)<br />
274994<br />
(71.92%)<br />
347602<br />
(71.72%)<br />
459661<br />
(74.29%)<br />
559609<br />
(70.76%)<br />
-<br />
S.R.<br />
335103<br />
Yugoslavia 2) (80%)<br />
Total CEFTA<br />
418823<br />
(100%)<br />
351803<br />
(100%)<br />
337643<br />
(100%)<br />
382380<br />
(100%)<br />
484675<br />
(100%)<br />
618715<br />
(100%)<br />
790817<br />
(100%)<br />
966967<br />
(100%)<br />
Total exports 1322617 1157507 1115527 1366989 1675877 2415161 3356248 3356248<br />
Concentration<br />
31.67% 30.40% 30.27% 27.97% 28.91% 27.33% 23.56% 28.80%<br />
of Exports 4)<br />
Source: Computations are according to the data obtained from the State Statistical Office<br />
of the Republic of Macedonia, for selected years.<br />
Note: 1) Preliminary data; 2) Naming is according to the official name of a country<br />
3) No data is available since only countries with significant participation<br />
in Macedonian exports are shown<br />
4) Computation is according to Michaely’s formula C r<br />
= 100 Σ (X i<br />
/ X) 2 where<br />
X i<br />
.......national exports in certain country in certain period;<br />
X ...... total national exports in certain period<br />
CONCLUSIONS<br />
After the disintegration of the Soviet Union and dissolution of the Warsaw pact, the four<br />
and a half decade dichotomy of the world (“East” and “West”) came to an end. The process<br />
of fragmentation, besides the Soviet Union, was likewise inevitable for other multinational<br />
countries, such as Yugoslavia. Thus, on the territory of Yugoslavia seven independent<br />
entities came into existence, Republic of Macedonia, being among them as well.<br />
No matter the fact that apart from the sub-regions of former Yugoslavia, Albania joined the<br />
group of SEE countries, in economic terms, the “remaining” of the region of SEE (so called<br />
“Western Balkans”) is relatively small, especially because the two largest economies,<br />
Bulgaria and Romania left the “region” and joined the EU. With the disintegration of<br />
Yugoslavia, traditional links were interrupted, contrary the 1980s, when the “home market”<br />
played an important role and exports between the various republics of the SFRY ranged<br />
178