Developments of the European Union's export directions in the context of the US-EU trade war

Author:

Solnyškinienė Jolanta1,Černis Beata1

Affiliation:

1. Department of Business Management, Faculty of Business Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10221, Vilnius, Lithuania

Abstract

The article assesses which countries in the world are most suitable for export such goods as aluminum, steel, cheese, and meat from the European Union in the context of the European Union – US trade wars. The theoretical study is designed to identify factors that promote the export and import of goods and to identify factors that can be used for further multicriteria research. An investigation using multi-criteria methods, EDAS, TOPSIS and SAW, revealed alternative export countries in the context of the EU-US trade war. The calculated RCA index showed the competitiveness of the analyzed products: aluminum, steel, cheese and meat in the selected countries. Another step was a forecast of exports of the analyzed goods and also was made conclusions to which countries are most suitable to export aluminum,steel, meat, and cheese in the context of the European Union-US trade war.

Publisher

VGTU Technika

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