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Exports of the Machine-Building Products to the European Union Member States
Vitiuk A. V., Kepko V. M., Javela Karlush

Vitiuk, Anna V., Kepko, Valentyna M., and Javela, Karlush. (2019) “Exports of the Machine-Building Products to the European Union Member States.” Business Inform 3:37–43.
https://doi.org/10.32983/2222-4459-2019-3-37-43

Section: International Economic Relations

UDC 339.564:[338.45:621](4)

Abstract:
The article focuses especially on the issue of exports of the machine-building products to the European Union. The characteristic tendencies of exports in the machine-building sphere, such as the growth of volumes of sale of production, a rather low technological level of the exported products are determined. The dynamics and volumes of exports and imports of the machine-building products are analyzed on the level of the industry sector. It is substantiated that the main macroeconomic conditions influencing exports of the machine-building products are the unstable political and economic situation, fluctuation of exchange rate, significant raw material orientation of domestic exports, systemic problems of development of the foreign economic activity (such as reimbursement of VAT; currency, customs and tax regulation). It is proved that the promising directions of development of the machine-building production, which would be in demand in the European Union, is rocket-space, aviation, military-industrial, energy, transport, agricultural, residential, road engineering and the machine-building related to IT-sphere.

Keywords: exports, machine-building, European Union, equipment, products.

Fig.: 3. Tabl.: 2. Bibl.: 16.

Vitiuk Anna V. – Candidate of Sciences (Economics), Associate Professor, Department of Management, Marketing and Economics, Vinnytsia National Technical University (95 Khmelnytske Chss, Vinnytsia, 21021, Ukraine)
Email: [email protected]
Kepko Valentyna M. – Candidate of Sciences (Economics), Associate Professor, Department of Business, Trade and Exchange Activities, Bila Tserkva National Agrarian University (8/1 Soborna Square, Bіla Tserkva, Kyivska obl., 9117, Ukraine)
Javela Karlush – Postgraduate Student, Department of Management, Marketing and Economics, Vinnytsia National Technical University (95 Khmelnytske Chss, Vinnytsia, 21021, Ukraine)

List of references in article

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