Abstract
One of the important sources of financing the state budget is foreign trade. Even before the start of fullscale aggression, Ukraine had certain tasks to diversify regional foreign trade priorities. The expansion and deepening of foreign economic cooperation between Ukraine and the European Union, the start of work on new Asian markets, significantly overshadowed first the drop in trade volumes, and then the cessation of trade with Russia. The article examines in detail the foreign trade relations of Ukraine and the countries of the Asian continent. Consider the system of legal regulation of foreign trade relations of Ukraine and the countries of the Asian continent. The main indicators of trade in goods and services of Ukraine and Asian countries were examined in detail, and the commodity structure of trade in goods and services of Ukraine and Asian countries was analyzed. Certain conclusions and recommendations are provided: Ukraine has a generally favorable position in trade in goods with these countries, except for China. This is evidenced by the constant positive balance in trade with Turkey, India and Saudi Arabia. Trade with China has a permanent negative balance. At the same time, a significant threat is the significant coverage ratio in trade with these countries. The value of this indicator significantly exceeds the safety limit and indicates the high dependence of Ukrainian exports on the markets of these countries. Ukraine conducts active trade in services with Asian countries, but the composition of the main partners in trade in services has changed. It remains Turkey, as well as Cyprus, UAE, Israel. In trade in services, the situation for Ukraine is unfavorable, which is evidenced by a constant negative balance and an extremely low level of the coverage ratio. The composition of trade in services is traditional both for Ukraine and for partner countries: Ukraine exports transport services to Cyprus, the UAE and Turkey, Ukraine imports travel-related services from Cyprus, the UAE and Turkey, as well as transport services from the UAE and Turkey and Israel. These services fully correspond to the geographical location of the countries.
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