Interregional diversification of Ukraine's foreign trade

This paper introduces a framework for studying regions in post-socialist countries, in particular Ukraine. The author identifies patterns in the gross state products (GSP), the concentration of foreign direct investments (FDI) and diversification of foreign trade of Ukraine’s regions. Kyiv and the DonetskDnipropetrovsk-Zaporizhia industrial triangle have leading in foreign economic diversification over the past few years. Considering that production is not diversified and exports are primarily in ferrous metal products, the author identifies a degree of ?regional susceptibility? resulting from the application of European and American frameworks, i.e. producer price index, consumer price index, openand RCA- (revealed comparative advantage) export method, for studying regional foreign trade diversification in Ukraine. In concluding he proposes new methods to raise the quality of foreign trade forecasts of Ukraine’s regions.