ANALYSING THE STATE OF UKRAINE'S FOREIGN ECONOMIC ACTIVITY
Abstract
The relevance of the study is confirmed by the fact that the state of Ukraine's foreign economic activity is an important element in the development of the country's economy since the foreign economic sector is a key source of income for most countries and indicates the main problems that affect its economic development. Analyzing the state of foreign trade is an important tool for managing the country's economy and allows making informed decisions on the development of domestic exports and imports. The aim of the study is to analyze the state of Ukraine's foreign economic activity in order to identify problems and develop strategies aimed at increasing the country's competitiveness in the international market and optimizing the structure of exports and imports. The purpose of the article is to identify priority areas for the development of Ukraine's economy based on the analysis and to develop recommendations for improving the situation in the country's foreign economic activity. The study was conducted by analyzing data from the reports of the State Statistics Service of Ukraine on Ukraine's foreign economic activity using economic analysis methods. The following methods were used to conduct the study: analysis and synthesis, comparison, and generalization of results. The study has shown that Ukraine's foreign economic activity has a number of problems that need to be addressed to improve the country's competitiveness in the international market. In particular, the negative trade balance indicates that the country imports more goods than it exports. Also, the structure of imports and exports indicates that the state overwhelmingly exports its natural resources in the form of raw materials, while importing, overwhelmingly, finished goods from other countries, the production of which can be organized in our country on the basis of the domestic raw material base. The practical value of the article lies in the fact that the results of the study can be used in developing strategies to increase Ukraine's competitiveness in the international market and optimize the structure of exports and imports.
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