Trends in Ukraine's foreign trade in the context of complicated international transportation

Abstract

Introduction. Over the past ten years, there has been a decline in the effectiveness of multilateral cooperation agreements within the WTO, resulting in the growing importance of bilateral trade agreements. The EU countries and the UK are among the most important geographical areas for deepening bilateral cooperation with Ukraine, which has been favourably influenced by trade liberalisation as a result of the signing of the Association Agreement between Ukraine and the European Union and the implementation of the Deep and Comprehensive Free Trade Agreement. Improved terms of trade between Ukraine and Europe, despite the war in Ukraine, ensured positive dynamics of trade turnover, but the commodity structure has undergone significant changes. Recently, a trade embargo was imposed on agricultural products, and the border was closed for the transportation of products through Poland and other countries. In this regard, it is an urgent scientific task to determine the impact of the complication of transport. As well as identifying trends in the further development of foreign trade with partner countries. The purpose of the paper is to іdentificate the changes in export sales routes, as well as trends in Ukraine's foreign economic activity in the context of more complicated international transport. Results. The importance for Ukraine's economy of expanding the scope of foreign economic relations with European countries based on international transport is determined. The author emphasises a number of economic prerequisites and advantages of foreign economic relations between Ukraine and European countries, which determine the trends in the development of foreign trade. The author identifies the important role of continuing institutional and structural reforms in our country, which should be intensified and aimed at strengthening the competitive potential of the national economy. The main stages of integration of foreign economic relations between Ukraine and European countries are highlighted. It is proved that there is a high potential of European integration for the Ukrainian economy. However, in the current conditions of complicated movement of goods and closure of borders by partner countries, this direction of development of the national economy is considered as the main one, with certain difficulties, which will slow down the pace of socio-economic growth and restore the lost. Conclusion. By establishing international economic and trade relations and sales channels, Ukraine's foreign trade can develop and function effectively. National economies of different countries interact through the establishment of diplomatic relations, cooperation agreements, and the creation of intergovernmental associations. After analysing all the factors, it can be argued that establishing economic and political ties with the world's leading countries and increasing the level of foreign trade is possible by stepping up efforts in the most promising sectors of the global economy. Foreign economic and trade relations contribute to the growth of the national economy, acceleration of scientific and technological progress, and improvement of living standards.