The Slovak Republic as a Partner in the Import and Export of Sugar
The Slovak Republic as a Partner in the Import and Export of Sugar

Summary/Abstract: Worldwide, over 100 million tones of sugar are produced. Sugar trading is mostly satisfied with domestic demand, until surpluses are exported to other countries. When the price of sugar rises, it can be assumed that large areas will be planted until overproduction is achieved, but at low prices the areas are shrinking, leading to higher prices. This contribution deals with the issue of import and export of sugar in the Slovak Republic. The aim of the contribution is to determine clusters of countries from which the Slovak Republic imports or countries were exports sugar. We have used method, which allowed us to organize selected country according to defined variables into homogenous clusters. Individual clusters have similar properties and differ from the characteristics of countries in other agglomerations. We have used method that was selected for the clustering process – the Ward method, while the Euclidean distance was used to determine the degree of similarity of the objects under investigation.

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