Фінансово-кредитні системи: перспективи розвитку. (Mar 2024)

Infrastructural support for the foreign economic activities management of enterprises of the Ukrainian woodworking industry

  • Iryna Hubarieva,
  • Nataliia Trushkina

DOI
https://doi.org/10.26565/2786-4995-2024-1-04
Journal volume & issue
Vol. 1, no. 12
pp. 37 – 51

Abstract

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Effective foreign economic activity contributes to the reproduction of the country's export potential, increasing the competitiveness of Ukrainian products of the woodworking sector on world markets, forming a rational structure of export and import, attracting foreign investments on mutually beneficial terms, ensuring the economic security of Ukraine. The article examines the peculiarities of the realization of the export potential of Ukraine on the world market of furniture and wood products. An analytical assessment of the current state and competitiveness of Ukrainian woodworking products on foreign markets was carried out. On the basis of statistical analysis, the trends of Ukraine's export potential in the wood industry were revealed. An analysis of the international wood market and export prospects for Ukraine was performed. Strategic directions for improving the efficiency of Ukrainian wood exports have been determined. The need for the formation of proper infrastructural support for the management of the foreign economic activities of woodworking industry enterprises based on the creation of a cluster structure as a form of cooperation between authorities, institutions of critical infrastructure (transport, logistics, innovation, information, industry, etc.), institutions and organizations of the business, scientific and educational environment is substantiated. The practical significance of the obtained research results is that substantiated scientific and methodological provisions and recommendations can be used in the development of export strategies and mechanisms for their implementation by enterprises and various categories of stakeholders – participants in foreign economic activity, which would correspond to the modern conditions of their management, as well as in the finalization of the Strategy recovery and resilience of the national economy.

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