Abstract
The purpose of the article is to analyse the current state of development of Ukraine’s mechanical engineering, looking at export trends of mechanical engineering products across product groups and the main importing countries. The analysis indicates that Ukrainian exports of engineering products have declined significantly in recent years. The low export orientation of machine-building production is mainly due to the low level of innovation investment, as a result of which the technological development of Ukraine’s machine building industry not aligned with the requirements of the global market. The author indicates directions of machine-building production that can make the Ukrainian industry more competitive in the future arguing that thanks to the current production capacity and technological skills, availability of the labour force, research institutions, opportunities for international cooperation, Ukraine is well-positioned to increase the export potential of the mechanical engineering industry.
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