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Foreign Economic Trade Activities of Ukraine: Analysis, Trends and Prospects of Development
Oliinyk T. I., Skitchenko Y. O.

Oliinyk, Tetiana I., and Skitchenko, Yuliia O. (2024) “Foreign Economic Trade Activities of Ukraine: Analysis, Trends and Prospects of Development.” Business Inform 7:48–57.
https://doi.org/10.32983/2222-4459-2024-7-48-57

Section: International Economic Relations

UDC 339.5

Abstract:
Foreign trade relations play a key role in the national economy, as they are the basis for the international exchange of goods and services between different countries. Therefore, the study of the state and prospects for the development of Ukraine’s foreign trade activity is relevant task for further effective economic growth. This study is devoted to the study of the impact of foreign trade relations on the economic development of Ukraine. The main functions, principles and rules of the World Trade Organization (WTO), which ensures the competitiveness of products in the world market, are disclosed. The main foreign trade partners of the country are studied, the structure of exports and imports of goods and the state of the foreign trade balance of Ukraine for the last three years are considered. The research model is based on an integrated approach, using methods such as analytical, statistical, analysis and synthesis. The research work analyzes the theoretical aspect of foreign trade relations, the state of Ukraine’s foreign trade and develops recommendations for their improvement. The practical significance lies in the analysis of the current state of Ukraine’s foreign trade relations, identifying the main problems and identifying possible ways to solve them. This makes it possible to define precise directions for the further development of foreign economic activity, to develop effective strategies for attracting foreign investment, expanding export opportunities, as well as strengthening trade partnerships with other countries. The social effects of this article are to strengthen economic development and increase Ukraine’s competitiveness in the international arena.

Keywords: foreign trade relations, exports, imports, international trade, quality of goods.

Fig.: 9. Tabl.: 3. Bibl.: 8.

Oliinyk Tetiana I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics, Entrepreneurship and Enterprise Management, Oles Honchar Dnipro National University (72 Nauky Ave., Dnіpro, 49010, Ukraine)
Email: [email protected]
Skitchenko Yuliia O. – Student, Oles Honchar Dnipro National University (72 Nauky Ave., Dnіpro, 49010, Ukraine)
Email: [email protected]

List of references in article

“Global Trade Outlook and Statistics“. April 2024. WTO. https://www.wto.org/english/res_e/booksp_e/trade_outlook24_e.pdf
“Merchandise: Total trade and share, annual“. UNCTAD. https://unctadstat.unctad.org/datacentre/dataviewer/US.TradeMerchTotal
“What is the WTO?“ World Trade Organization. https://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm
Diatlova, V. V., Diatlova, Yu. V., and Yerokhina, D. O. “Rozvytok zovnishnyotorhovelnoho sektoru ekonomiky: metodychnyi aspekt otsiniuvannia rehionalnykh tendentsii“ [Development for the Foreign Trade Sector of Economy: Methodological Aspect of Regional Trends Assessment]. Aktualni problemy rozvytku ekonomiky rehionu, vol. 1, no. 18 (2022): 101-111. DOI: https://doi.org/10.15330/apred.1.18.101-111
“Zahalna informatsiia pro Svitovu orhanizatsiiu torhivli“ [General Information about the World Trade Organization]. Ministerstvo ekonomiky Ukrainy. https://www.me.gov.ua/Documents/Detail?lang=uk-UA&id=94872f60-5734-4e7c-bcee-7873ffb2076d&title=ZagalnaInformatsiiaProSvitovuOrganizatsiiuTorgivliu
Kovbatiuk, H. O. “Rol informatsiinykh tekhnolohii ta innovatsii v upravlinni zovnishnyotorhovelnoiu diialnistiu pidpryiemstv“ [The Role of Information Technologies and Innovations in the Management of Foreign Trade Activities of Enterprises]. Economic Synergy, no. 4 (2023): 128-146. DOI: https://doi.org/10.53920/ES-2023-4-9
Romanenko, O. V., Alaverdian, L. M., and Yudicheva, O. P. “Otsinka perspektyv rozvytku zovnishnyoi torhivli tovaramy v umovakh voiennoho stanu v Ukraini“ [Assessment of Prospects for the Development of Foreign Trade in Goods under the Conditions of Marital State in Ukraine]. Efektyvna ekonomika, no. 9 (2023). DOI: https://doi.org/10.32702/2307-2105.2023.9.42
“Statystyka ta reiestry“ [Statistics and Registers]. Derzhavna mytna sluzhba Ukrainy. https://customs.gov.ua/statistika-ta-reiestri

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