The Tendencies and Prospects of Development of the Ukrainian Exports

Abstract

The article is aimed at researching the modern features of and prospects for exports of goods and services from Ukraine, in particular in the conditions of European integration. During recent years the competitiveness of Ukrainian products in foreign markets was growing. Ukraine’s foreign trade started to transform after the WTO membership and the Agreement with the European Union on the free trade zone. Today the European Union is the largest trading partner of Ukraine. It is stated that the exports of Ukrainian goods to the EU countries have good prospects, although the structure of national exports today consists mainly of raw materials. At the same time, the national light industry, transport, communication and IT-services are actively developing. The adopted export strategy of Ukraine for 2017-2021 aims at the transition of Ukraine to the exports of science-intensive innovative products for sustainable development and successful entry into the world markets. Effective regulatory policies, adequate incentives to attract investment, effective management, improvements in the transport sector, etc. are needed to further enhance of national exports.

Keywords

• exports
• foreign trade
• foreign economic activity
• European integration