FINANCIAL COMPONENT OF THE FOREIGN TRADE ACTIVITIES INFRASTRUCTURE OF THE AGRICULTURAL SECTOR SMALL BUSINESS ENTITIES

The article reflects the results of the study of the financial component of the foreign trade infrastructure formation, taking into account the peculiarities of export entrepreneurship of small entities of the agricultural economic sector. The methodological toolkit of the article is built on the basis of a systematic approach using the financial analysis and abstract-logical generalization of research results. It was revealed that agricultural enterprises currently, according to the World Trade Center, have a significant under-traded export potential due to imperfection and insufficient capacity of the infrastructure to support foreign trade, and measures to form and expand the infrastructure of foreign trade require appropriate financial and investment support. The state of funding sources was analyzed and diagnostics of the financial state of the agricultural sector was carried out in the context of the analysis of the dynamics of indicators of the financial state, for which the normative value is not established and the indicators, the assessment of which is carried out in comparison with the normative value. A tendency towards a decrease in the profitability of assets and equity capital, an excess of the growth rate of accounts payable over accounts receivable, current liabilities over current assets, cost over net income from product sales, as well as a downward trend in financial results from operating activities and net profit are revealed. It was found that the financial activities of agricultural enterprises did not allow them to achieve the required level of their own and borrowed resources to finance the development of foreign trade infrastructure. The institutional factors of the internal and external (international) environment of the foreign trade financial infrastructure formation are analyzed. In order to overcome the existing destructive tendencies, it is proposed to search for foreign markets with higher prices for agricultural products with an orientation to markets with a high under-traded export potential. It is proposed to use the terms of cooperation to ensure accessibility to external sources of financing and innovative financial instruments for small and micro-agricultural enterprises, to directly provide trade financing or credit guarantees by the government.