Central Asia: Between the Eurasian Economic Union and one Belt one Road Initiative
The post-soviet Central Asian economies are surrounded by two natural trading partners, Russia and
China. This article aims at comparing, which of those partners plays a more significant role as importer of the key export articles from the Central Asian economies. Revealed comparative advantage (RCA) approach is used to determine the key export industries. Subsequently, shares of items produced at a comparative advantage, together with shares of medium and high-skill products imported by Russia and China is compared, in order ascertain, which of those regional powers offers superior chances to develop domestic export industries. Based on the conducted analysis, China is more significant partner for larger countries, i.e. for Kazakhstan, Turkmenistan and Uzbekistan, while Russia remains more significant for Kyrgyzstan and Tajikistan.
Index terms: Central Asia, China, Russia, export, comparative advantage