Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Analysis of changes in trade structure due to economic sanctions by Korea and Russia

한국과 러시아의 경제제재에 따른 무역구조 변화 분석

  • Vlada Korsun (Department of International Trade and Logistic, Pukyong National University) ;
  • Tae-Kun Ahn (Division of International Commerce, Pukyong National University)
  • Received : 2022.11.30
  • Accepted : 2022.12.19
  • Published : 2022.12.30
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Abstract

In order to understand the economic damage of economic sanctions on trade between Korea and Russia, a trade structure analysis was conducted through statistics on import and export trade between Korea and Russia. Through the structural analysis of product trade, we tried to accurately analyze the current status of product trade between Korea and Russia. In the trade structure analysis, it was confirmed that the trade in goods between Korea and Russia decreased the most in market share and trade concentration. However, trade specialization, comparative advantage by market, and intra-industry trade index were not significantly affected despite strong economic sanctions. from Russia's point of view Smart measures are needed to address the current situation to avoid a greater economic downturn. The end of the war and the restoration of partnership with other countries are considered the most beneficial solutions for Russia and all countries, but it is difficult to predict how the war will go or what economic situation Russia will be in after the war.

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