FEATURES OF FOREIGN TRADE BETWEEN UKRAINE AND THE USA IN 2015-2023

Abstract

Objective. The objective of the present study is to analyze the state and identify the features of the development of foreign trade relations between Ukraine and the United States in 2015-2023. Methods. The following methods and techniques of cognition were used: analysis and synthesis, induction and deduction (to substantiate the importance and role of the United States in the development of Ukraine's foreign trade relations), analysis of series of dynamics (to identify trends and patterns of development, peculiarities of the dynamics of foreign trade relations between Ukraine and the United States), graphical (to visualise the peculiarities of the development of foreign trade relations between Ukraine and the United States). Results. Based on the study of the status and peculiarities of development of foreign trade relations between Ukraine and the USA in 2015-2023, the author establishes that despite the fact that the history of development of foreign trade relations between Ukraine and the USA dates back to 1992, during 1992-2023, more than 100 different agreements were concluded between Ukraine and the USA, during the period under analysis, the USA was not the main foreign trade partner of Ukraine - the share of trade with the USA accounted for an average of 7.5% of Ukraine's foreign trade turnover. It is proved that during 2015-2023, foreign trade relations between the countries steadily developed and deepened, which was reflected in the growth of the share of foreign trade between the countries in the total foreign trade of Ukraine by 6.4%. It is established that during 2015-2021, the lion's share of foreign trade turnover between the countries was formed by foreign trade in goods, but starting from 2022 - by foreign trade in services (in 2022, foreign trade in services accounted for 82.1% of foreign trade between Ukraine and the United States, in 2023 - 76.9%). It was determined that in 2015-2023: the rate of growth of the volume of foreign trade in services of Ukraine and the USA was almost 6.5 times higher than the rate of growth of the volume of foreign trade in goods, as of 2023, foreign trade in services significantly exceeded foreign trade in goods in terms of volume; the balance of foreign trade in goods was negative and constantly growing; the coefficient of coverage of imports by exports was characterized by a constant tendency to decrease; the main articles of Ukrainian commodity exports to the USA were products made of cast iron or steel, iron and steel, preparations made from vegetables, fruits, nuts or other parts of plants; imports - means of transport, except railway or tram rolling stock; mineral fuel, petroleum products and products of their distillation; machines and mechanical devices, boilers, nuclear reactors, their parts; the balance of foreign trade in services was both positive (in 2015-2021) and negative (in 2022-2023); the coefficient of coverage of imports by exports significantly decreased by almost 0.93 points; the main articles of Ukrainian export of services to the USA were: air transport services; construction; services related to financial activities; financial services paid directly; auxiliary services in the field of financial activity; services related to patent activity; services in the field of telecommunications, computer and information services; computer services; information services; scientific and technical services; imports of Ukrainian services from the USA were: state and governmental services; auxiliary services in the field of financial activity; services related to financial activities; trade-related services and brokerage services other royalties.