Assessing Export Potential of the Country in the Context of Global Demand in the World Food Market

Abstract

Nowadays Russia is actively expanding its presence on the world market by increasing food export. The goal of our research is to develop methodological approaches to the analysis of dynamics and structure of the world food export when assessing ways of increasing Russia's export potential. The main scientific problem reviewed in the article touches upon an issue of export policy in the food sphere. Our studies develop the theory of comparative analysis using indices of competitiveness and concept of food space by providing a new way to analyze potential capabilities of export potential. It is related to implementation of modern technologies and technological services on the food market. This approach matches assessment of global demand and capabilities to enhance export flows. Scientific novelty of the research consists in its theoretical statement and practical implementation of the research objective to examine aggregate figures of global import (as the indicator of global demand) and figures of trade items' export in the context of the country. We propose criteria and threshold values for conducting multi-criteria assessment of goods and detailed product groups. Data about global export-import trade flows were used as the informational basis, and programed filtering of big data was implemented. We used grain of wheat, a very important export product, to illustrate that the availability of scientific back-log (research and developments, technologies, patents) is a very important factor in growing export potential by implementing technological breakthrough in producing new types of products and raw materials.