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Competitiveness
Competitiveness in trade is broadly defined as the capacity of an industry to increase its share in international markets at the expense of its rivals. The competitiveness index is an indirect measure of international market power, evaluated through a country’s share of world markets in selected export categories.

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Definition:
The index is the share of total exports of a given product from the region under study in total world exports of the same product.

Range of values:
Takes a value between 0 and 100 per cent, with higher values indicating greater market power of the country in question.

For further note on this indicator, including an example and formula, see the relevant section of Trade Statistics in Policymaking: A Handbook of Commonly Used Trade Indices and Indicators.

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