FEATURES OF THE FOREIGN TRADE ACTIVITY OF DOMESTIC ENTERPRISES UNDER THE CONDITIONS OF THE STATE OF MARTIAL
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 66)Publication Date: 2022-10-31
Authors : Shatska Zoryna; Lesiuta Nataliia;
Page : 76-83
Keywords : foreign trade activity; export; GDP; EU; food market; agricultural enterprises; government support;
Abstract
The article is devoted to the study of foreign trade activities of domestic enterprises under martial law. The development of foreign trade activity in Ukraine for 2007–2021 was also analyzed. It was determined that on average Ukraine had a negative trade balance, which was accompanied by exchange rate fluctuations and a low level of GDP. It has been proven that one of the promising areas of foreign trade is Ukraine's cooperation with the EU, which accounts for 40% of exports. The role and place of Ukraine in the world agricultural market has been studied. Ukraine ranks fifth in the world in wheat exports with a share of 10% and first in sunflower exports, second in barley exports and third in corn exports. It was found that Ukraine is one of the key suppliers of agricultural products, which is determined by the industry specification of our country. Today, the countries of the world must jointly prevent a food crisis that may arise in the near future, and make every effort to end the war in Ukraine and restore peace. The prospects for the development of Ukrainian exports in wartime conditions are analyzed. It was determined that the entire world community, with joint efforts, helps Ukrainian companies to carry out foreign economic activities and provides its support through concrete actions. It has been proven that it is precisely through the stimulation of foreign trade that the Ukrainian economy can be quickly restored, because international business stimulates the influx of international investments and innovations that will help the Ukrainian government to raise the economy.
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