FORECAST OF THE MAIN PARAMETERS OF THE DEVELOPMENT OF FOREIGN TRADE IN THE STAVROPOL REGION

Abstract

Subject. Foreign trade is the most developed form of international economic relations and plays an important role in the socio-economic development of the state and regions. This article analyzes the key parameters of the development of foreign trade in the Stavropol Territory, substantiates the directions of development of foreign trade in the region, and makes a forecast of its development. Methodology. Trend analysis was used in the process of studying trends and forecasting the development of foreign trade. Results. In the current situation, the development of foreign economic activity in the region requires an increase in export potential, as well as its sectoral diversification. It is established that the preservation of the prevailing trends in the development of foreign trade activities of the region will lead to a slight expansion of exports with a drop in import volumes. This indicates the need for prompt intervention in this process on the basis of modernization of the export structure and expansion of its volumes. Conclusions. An increase in the number of export-oriented enterprises, the number of contracts concluded with foreign partners, and the expansion of the geography of foreign economic activity will have a positive impact on the development of the region's foreign trade. However, the implementation of these measures requires support from the state.