Abstract: The study analyzes export/import flows of a range of countries from the perspective of network analysis. The motivation for performing this analysis is based on the supposition that markets are a system of relations. The analysis is followed by the demonstration of the networks comprising the international trade of crude oil (HS 2709) and oil products (HS2710) at the following points of time: 2001, 2007, 2014, and 2018. For this study, a set of countries was selected that includes 25 countries (base countries) and their export/import partners for the observed points in time. The study.....
KEYWORDS: network, centralities, crude oil, oil products
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