Colombia trade analysis: European Union trade from the use of foreign trade indicators

Commercial integration has allowed to increase economic, social, and cultural interdependence of nations; allowing this to offer more and better consumption possibilities, as well as increase the supply of production. The effects are varied and depend on the economies that negotiate, as well as on t...

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Main Author: Torres Franco, Michael
Format: Online
Language:spa
Published: Unidad Editorial UPTC 2020
Subjects:
Online Access:https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/5500
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author Torres Franco, Michael
author_facet Torres Franco, Michael
author_sort Torres Franco, Michael
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description Commercial integration has allowed to increase economic, social, and cultural interdependence of nations; allowing this to offer more and better consumption possibilities, as well as increase the supply of production. The effects are varied and depend on the economies that negotiate, as well as on the goods and services involved. This article analyzes bilateral foreign trade based on indicators of commercial position, formulas that take data from exports and imports to determine the degree of dependence that a country has with another market, showing in this case that Colombia has a high dependence on the European market and in certain primary products; leaving as conclusion and pressing need the diversification of the exportable offer to minimize future risks. Keywords: economic integration, bilateral trade, indicators, export, import JEL Codes: C02, F14, F15, F53 Received: 24/10/2016. Accepted: 10/02/2020.  Published: 27/04/2020
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spelling oai:oai.revistas.uptc.edu.co:article-55002024-04-24T20:35:52Z Colombia trade analysis: European Union trade from the use of foreign trade indicators Análisis del comercio en Colombia: Unión Europea desde el uso de los indicadores de comercio exterior Torres Franco, Michael economic integration bilateral trade indicators export import integración económica comercio bilateral indicadores exportaciones importaciones Commercial integration has allowed to increase economic, social, and cultural interdependence of nations; allowing this to offer more and better consumption possibilities, as well as increase the supply of production. The effects are varied and depend on the economies that negotiate, as well as on the goods and services involved. This article analyzes bilateral foreign trade based on indicators of commercial position, formulas that take data from exports and imports to determine the degree of dependence that a country has with another market, showing in this case that Colombia has a high dependence on the European market and in certain primary products; leaving as conclusion and pressing need the diversification of the exportable offer to minimize future risks. Keywords: economic integration, bilateral trade, indicators, export, import JEL Codes: C02, F14, F15, F53 Received: 24/10/2016. Accepted: 10/02/2020.  Published: 27/04/2020 Comúnmente se habla de las implicaciones de los acuerdos comerciales sobre la economía de determinado país, algunas veces se expone que estos acuerdos son perjudiciales para los países, especialmente los pobres; y que traerán inestabilidad y desequilibrios económicos. Si bien existen experiencias que puedan justificar estos temores, todas las economías tienen un desempeño diferente, por ende, los efectos serán medibles de diferentes maneras. Con la intención de realizar mediciones sobre el impacto comercial se cuenta con una serie de indicadores que permiten determinar grado de apertura, diversificación de mercados y demás conceptos pertinentes para el estudio del comercio exterior. En este caso puntual se busca analizar el grado de interrelación existente entre Colombia y la Unión Europea a partir de datos de comercio bilateral y la aplicación de determinados indicadores económicos. Palabras clave: integración económica, comercio bilateral, indicadores, exportaciones, importaciones Códigos JEL: C02, F14, F15, F53 Recibido: 24/10/2016. Aceptado: 10/02/2020.  Publicado: 27/04/2020 Unidad Editorial UPTC 2020-04-27 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/5500 10.19053/01211048.5500 Inquietud Empresarial; Vol. 19 No. 1 (2019): Inquietud Empresarial 19(1) January-June 2019; 11-24 Inquietud Empresarial; Vol. 19 Núm. 1 (2019): Inquietud Empresarial 19(1) Enero-Junio 2019; 11-24 0121-1048 spa https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/5500/9218 Derechos de autor 2020 Michael Torres Franco https://creativecommons.org/licenses/by-nc-nd/4.0/
spellingShingle economic integration
bilateral trade
indicators
export
import
integración económica
comercio bilateral
indicadores
exportaciones
importaciones
Torres Franco, Michael
Colombia trade analysis: European Union trade from the use of foreign trade indicators
title Colombia trade analysis: European Union trade from the use of foreign trade indicators
title_alt Análisis del comercio en Colombia: Unión Europea desde el uso de los indicadores de comercio exterior
title_full Colombia trade analysis: European Union trade from the use of foreign trade indicators
title_fullStr Colombia trade analysis: European Union trade from the use of foreign trade indicators
title_full_unstemmed Colombia trade analysis: European Union trade from the use of foreign trade indicators
title_short Colombia trade analysis: European Union trade from the use of foreign trade indicators
title_sort colombia trade analysis european union trade from the use of foreign trade indicators
topic economic integration
bilateral trade
indicators
export
import
integración económica
comercio bilateral
indicadores
exportaciones
importaciones
topic_facet economic integration
bilateral trade
indicators
export
import
integración económica
comercio bilateral
indicadores
exportaciones
importaciones
url https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/5500
work_keys_str_mv AT torresfrancomichael colombiatradeanalysiseuropeanuniontradefromtheuseofforeigntradeindicators
AT torresfrancomichael analisisdelcomercioencolombiaunioneuropeadesdeelusodelosindicadoresdecomercioexterior