Abstract

Today, various country groups, as well as regional economic integrations, are very effective in directing the world economy. New ones are added to relatively well-established groups such as G-7 and G-20. One of these groups is the MIKTA group established between Mexico, Indonesia, South Korea, Türkiye, and Australia. MIKTA countries, all of which are G-20 members and active actors in their regions, have strong economic and trade potential. In this study, the levels of specialisation and competitiveness of MIKTA countries in foreign trade by commodity groups is revealed. In the empirical analysis, foreign trade data of group countries for 2007-2022 and the indices developed by Balassa and Vollrath are used. According to the results of the empirical analysis, it is found out that Indonesia and Australia specialise in low-technology goods, Mexico specialises in medium-technology goods, and Korea specialises in medium and high-technology goods. Türkiye is also found to be specialised and competitive in low-tech goods. Based on these results, Mexico, Indonesia and Türkiye, which are developing countries in the MIKTA group, should invest more in the sectors producing high-tech goods and organise their incentive policies accordingly.