RUSSIA'S MARKET AND PRODUCT-BASED EXPORT DIVERSIFICATION

The Gini-Hirshman Index, Trade Concentration Ratio and Deviation Index has been used as the main measurement tools in this study. In the study, Russia has been analyzed in terms of market and product-based export diversifications between 2000-2016. Scores obtained at the end of the analyzes made reveal that the diversification of Russian exports is low on both market and product basis. It is obvious that high level of export concentrations will adversely affect the Russian economy. It is likely that Russia, which can not diversify its exports on a market and product basis will be influenced by the global crisis.of the future