In order to do so, we will use the firm-level data crumbdid in the literature.
1. Export market is driven by fewer firms
By comparing the sh atomic total 18 of exports by top exporters in Germany, France, the UK, Italy, Hungary, Belgium and Norway (Table 1 in the Appendix I), it is striking to observe that amidst 72% (Italy) and 96% (Hungary) of total exports be driven by 10% of countries firms.
This results lead to conclude that European exportations (even if there are slight differences from one country to another) are driven by a small public figure of exporters.
2. The exporters that perform well export a curing of products in many countries
To further our outline of the European exporting market, we need to see how the top exporters uncovered before are performing.
Taking the example of French exporters (Table 2 and 3 in the appendix), we can see two different kinds of exporters: 30% of exporters moreover export one product in one market (one country) while 11% exports more than 10 products in more than 10 countries.
However, the first group represents only 0,8% of the total export revenue while the second represents more than 75% of total export revenue.
These figures mean that among the exporters, the performing firms are those who have the resources and capabilities to export many products in many countries.
We can assume that these figures show that export performance is related to the efficiency to propose differential products to the markets.
3. Structure of the European export market
The European market is driven by a small number of companies that have the resources and capabilities to lead their market, allowing them to export a high number of goods in a lot of markets. Even if a lot of companies export a part of their turnover (significant or not), their performance are significantly less important than those...If you want to follow a full essay, order it on our website: Orderessay
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