Comparative characteristics of export transactions of a chemical industry enterprise

Abstract

In the work, the economic justification of the efficiency of export operations of LLC “Industrial Group “Phosphorite” was carried out. The enterprise under study is a part of EuroChem Group AG and sells products on the Russian market and also exports mineral fertilizers to foreign markets. The organization and features of export operations are investigated. The basic principles and methods of state regulation of foreign trade activity in the Russian Federation are considered. When considering the world and domestic market of mineral fertilizers, the analysis of volume indicators of chemical industry production was carried out, the main importing countries of Russian fertilizers and the main competitors of EuroChem Group AG were identified. The paper analyzes the foreign economic activity of EuroChem Group AG and its subsidiary LLC “Industrial Group “Phosphorite”. The main markets for products were identified and a comparative assessment of the effectiveness of two export transactions was carried out. Based on the effectiveness assessment, recommendations were made to increase the profitability of export transactions. The implementation of measures to increase the efficiency of export transactions will lead to an increase in the company’s profitability.