Network Analysis of Ores Export and Import Market

The main purpose of this work is to investigate world ore market trade from 1962 to 2018 using network analysis methods. The study of trade flows and country interactions in the ore and metals market propose an interpretation of the results achieved with the use of centrality indices: classical, PageRank, short- and long-range interaction centrality indices. The proposed research approach represents a new understanding of the world trade pattern and the essence of trade relations in the ore market. In addition to the standard approach to the study of direct international linkages, the indirect interaction of countries in international trade are also analysed. The result of the study provides the description of influential players in the ore market, illustrate changes in the market positions of countries over a selected time horizon and show the strengths and weaknesses of market players.