Abstract
Purpose. The purpose of this article is to study the nature, main trends and problematic aspects of realization of the export potential of agricultural production in the countries of South America, OECD, North America and Europe in the context of aggravating food crisis.
 Methodology / approach. Theoretical and empirical methods of cognition are used in their dialectical combination. The main methods used in this study are statistical analysis, index, graphical and analytical methods, methods for estimating structural dynamic shifts, comparisons and monographic method. The study also involved general methods of economic research, in particular: theoretical generalization and comparison, induction and deduction are used in revealing the content of the export potential of agricultural production, drawing conclusions; the current condition and tendencies of development of export of agricultural products is estimated by means of synthesis and the economic analysis; graphic, economic, statistical and interstate comparisons are used to analyse the export of agricultural products; statistical methods (grouping) are applied to assess the domestic and external export potential of agricultural products in the regional context. The influence of external and domestic export potential on wheat exports is studied by regression analysis.
 Results. The need to ensure food security by countries around the world urges the importance of the agricultural sector as a catalyst for economic development, sources of foreign exchange earnings, investment direction, etc. The study of agricultural specialization led to the conclusion that wheat and sugar are goods with the highest export potential. It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of fulfilment of export potential of agricultural production, and African countries are import-dependent. Besides, the low export orientation of Africa and Asia due to the peculiarities of their natural and climatic conditions is established based on the assessment of export-import operations in the regional context. The internal and external export potential of each of the regions is analysed. The direct correlation between the exports volume and area of land used for wheat cultivation, as well as with its yield, was established through the correlation and regression analysis.
 Originality / scientific novelty. The scientific novelty of the results of the study is that the authors were the first who carried out a comprehensive analysis of the potential capacity and ability to increase exports of agricultural products in the world and by product groups. The essence and features of economic representation of export potential of agricultural products at the international and national levels are determined. The main factors influencing the development of the export potential of agricultural products in the regional context are outlined and their influence is investigated by carrying out the regression analysis. The study of domestic and foreign export potential by regions of the world is further developed.
 Practical value / implications. The analysis of the internal and external export potential of agricultural production was carried out in the regional context, which resulted in the identification of the main recommendations for increasing their level in order to enhance the development of the agro-industrial sector of the economy.
Highlights
Introduction and review of literatureOne of the most difficult challenges today is to prevent the food crisis
It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of fulfilment of export potential of agricultural production, and African countries are import-dependent
This category should be considered as a set of opportunities and resources to increase agricultural production in order to carry out export operations, and will be expressed by the value of the foreign trade balance in the study area
Summary
Introduction and review of literatureOne of the most difficult challenges today is to prevent the food crisis. It should be noted that food security problems directly depend on the development of the agro-industrial sector, which is currently the basis for increasing its export potential, a factor in ensuring national food security and meeting public demand for major groups of agricultural products. There has been a tendency to reduce the area under crops suitable for growing food crops in recent years, while the cultivation of industrial crops used for biofuel production has become increasingly popular. All this contributed to the growth of the deficit of agricultural products and, as a consequence, to the increasing price for them. According to FAO (2017), prices have almost doubled in the last decade, making these groups of goods less accessible to low-income people
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