EXPORT POTENTIAL OF UKRAINIAN AGRO-INDUSTRIAL COMPLEX: FACTORS OF FORMATION AND EVALUATION

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  Tetiana Melnyk

  Yuliia Tunitska

  Anna Liubyma

Abstract

With the intensification of international integration processes, export potential is the most important factor in the economic growth of states and a condition for equal accession to the world economy. The purpose of the study is to identify the factors of formation and implementation of the export potential of the agro-industrial complex of Ukraine, its evaluation, the definition of the place of Ukrainian products on world food markets. Methodology. To achieve the designated objectives, a comprehensive approach was used, which included the calculation of indicators of export potential of Ukrainian agro-industrial complex in international trade with the countries of the world and in comparison with major trading partners through the dynamics and structure of foreign trade, export value per capita, export quota, export share of goods in their production, net export potential coefficient; the ratio of the export quota to the population; the country's export efficiency ratio; the country's participation in the international division of labour; the indicator of comparative (relative) advantages. Research results. It was established that the export potential of Ukrainian agro-industrial complex is formed under the influence of stimulating and restraining factors. During the period under review (2010-2020) high rates of development of foreign trade in agri-food products of Ukraine were revealed, especially with the countries of Asia, Europe and Africa. However, there are also negative trends: strengthening the export potential of the complex at the expense of raw materials and semi-finished products and at the expense of losing positions in the world market of Ukrainian products with high added value; unjustified priority to stimulate export of agricultural products, which confirms the low level of export efficiency, despite the significant activity of Ukraine in the world market compared to partner countries; low level of export potential of Ukrainian agro-industrial complex in comparison with EU countries as a result of technological backwardness of the producer; small list of export agro-industrial commodity groups with sustainable comparative advantages and their low technology in relation to countries of all world regions indicates the low level of development of agriculture and the economy as a whole. In this regard, there is a need for structural reforms in the agro-industrial complex of Ukraine, strengthening institutional support for the production and export of food products, which contain a high level of added value. Practical implications. The main theoretical provisions and conclusions formulated by the authors can serve as a methodological basis for improving the export strategies of various sectors of the economy. Value/originality. The proposed results can be used to justify the mechanism of formation of the export potential of the agro-industrial complex of Ukraine on the basis of increasing the production of goods with high added value.

How to Cite

Melnyk, T., Tunitska, Y., & Liubyma, A. (2021). EXPORT POTENTIAL OF UKRAINIAN AGRO-INDUSTRIAL COMPLEX: FACTORS OF FORMATION AND EVALUATION. Baltic Journal of Economic Studies, 7(5), 130-143. https://doi.org/10.30525/2256-0742/2021-7-5-130-143
Article views: 309 | PDF Downloads: 204

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Keywords

export potential, foreign trade, agro-industrial complex, globalization, integration

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