Trade potential of states-members of the Customs Union of Russia, Belarus and Kazakhstan

Abstract

Economic integration between Russia, Belarus and Kazakhstan is one of the main points in their development. Most people ask quite reasonable questions: why the countries integrate, and what output is. To answer the questions author has made a complex research of the problem considered only Russia, Belarus and Kazakhstan trade flows. Detailed analysis of trade during last 10 years is presented in the article. Analysis includes: export, import of each country; external and mutual trade of the whole Customs Union; merchandise and geographical structure. Then author defines trade potential of Russia, Belarus and Kazakhstan researched with and without mutual trade. In conclusion recommendations of integration development between the countries have been given.