Time Series Research of Foreign Trade Operations of Post-Soviet Countries

Abstract

The paper presents the structure and the dynamics of external trade performance of post-Soviet countries. Historical time series of external trade performance during the period from 1960 to 2016 are used as the empirical basis. The structure of exports and imports of post-Soviet countries has some characteristics, established back in the USSR. Post-Soviet countries were unable to reconstruct the economy radically and to adjust the release of industrial products competitive in the global market. USA, Germany, France and Japan has always been and still are trading partners of post-Soviet countries, among new partners Gulf countries and APAC countries (primarily China) can be named. An important aspect of the global trade between described countries is a significant level of mutual trade, which exceeds 50% of all trade in some republics. The use of the Chow test confirmed that crises have a significant impact in foreign economic activity of post-Soviet countries.