European integration: advantages and threats to Ukraine’s foreign trade




GDP dynamics, ratingandindexofeconomicfreedom, Association Agreement with the EU, foreign trade, economic security.


Background. In terms of unfavorable external conditions and a significant deterioration of the socio-economic situation, the Ukrainian market has stagnated. Russia’s actions, including its unilateral suspension of the Free Trade Agreement, have led to a reduction in Ukraine's bilateral foreign trade operations. The processes of globalization and integration issue new challenges to the economy of any country, in particular, the questions of evaluation and stimulation of foreign trade of enterprises emerge in the conditions of constant transformation.
Therefore, the aim of this study is to identifytrends and features of Ukraine’s foreign trade in the context of globalization and integration.
Materials and methods. The article is based on a synthesis of research results of domestic and foreign scientists to determine the main influencing factors of cooperation with the EU on the state of development of Ukraine’s foreign trade. Research on this issue was conducted using the methods of theoretical generalization, analysis and synthesis.
Results. Ukraine’s position in world trade is determined by the main factors: the dynamics of GDP, rating and index of economic freedom. The peculiarities of Ukraine's foreign trade over the last decade have been studied, the main partner countries; the main challenges that arise in our foreign trade as a result of European integration processes have been identified.
It is proved that in the analysis of GDP it is expedient to use the indicator of GDP calculated on purchasing power parity. It is established that in the conditions of the world crisis, the war in the east caused the greatest damage to the economy of Ukraine.
It was clarified that Ukraine needs to expand the geography of foreign trade relations, at the same time there is a significant unrealized potential for the development of bilateral relations with EU countries. 
Conclusion. Ukraine must follow the chosen course of European integration, but at the same must also develop other partnerships with countries on other continents. Unfortunately, Ukraine exports more raw materials and goods with low added value. Therefore, there is a need: to change the content of exports, to introduce tax and customs instruments to support exports, to amend the Association Agreement in terms of international trade. The structure of foreign trade does not stimulate Ukraine's economy to innovative development, so there is an urgent need for domestic policy reforms and changes in external priorities.

Author Biography

Tetiana ZUBKO, State University of Trade and Economics

Candidate of Economic Sciences, Doctoral student at the Department of World Economy


Hiscox, Michael J. (2020). International Trade and Political Conflict: Commerce, Coalitions, and Mobility. Published by Princeton University Press [in English]

Sébastien, Jean, Philippe, Martin, & André, Sapir (2018). International trade under attack: What strategy for Europe? Notes du conseil d’analyse économique. (Vol. 46, Issue 1). Retrieved from [in English].

Wiener, A., Borzel, T., & Risse, T. (2019). European Integration Theory (3rd end) Book. Berlin. Oxford University Press. DOI: 10.1093/help/9780198737315.001.0001 [in English]

Anisimov, I. Je. (2016). Doslidzhennja dosvidu funkcionuvannja klasteriv krai'n JeS jak vazhlyvoi' skladovoi' innovacijnoi' dijal'nosti v umovah global'noi' ekonomichnoi' kryzy [Research of experience of functioning of clusters of the EU countries as an important component of innovative activity in the conditions of global economic crisis]. Ekonomichni studii' – Economic studies, 1(09), 7-10 [in Ukrainian].

Vlasjuk, T. O. (2016). Osoblyvosti zovnishn'otorgovel'nyh vidnosyn Ukrai'ny z JeS: ryzyky ta potencijni stymuly [Features of Ukraine's foreign trade relations with the EU: risks and potential incentives]. Naukovyj visnyk Uzhgorods'kogo nacional'nogo universytetu. Scientific Bulletin of Uzhhorod National University, (Vol. 10, part1), (pp. 86-90) [in Ukrainian].

Bazyljuk, Ja. B., Davydenko, S. V., & Vanckovs'kyj, D. Ju. (et al.). (2017). Ekonomichna bezpeka Ukrai'ny v umovah gibrydnoi' agresii': analitychne dopovnennja [Economic security of Ukraine in the conditions of hybrid aggression: analytical addition]. Nac. in-t strateg. doslidzh. Kyi'v: NISD [in Ukrainian].

Mazaraki, A. A., Mel'nyk, T. M., Juhymenko, V. V., Kaljuzhna, N. G., & Kudyrko, L. P. (et al.). (2018). Jevrointegracijni priorytety nacional'nogo biznesu [European integration priorities of national business]. Kyi'v: Kyi'v. nac. torg.-ekon. un-t [in Ukrainian].

Mordas, I. V., & Muzhanova, T. M. (2020). Zabezpechennja ekonomichnoi' bezpeky Ukrai'ny v konteksti globalizacijnyh procesiv [Ensuring Ukraine's economic security in the context of globalization processes]. Ekonomika. Menedzhment. Biznes – Economy. Management. Business, 1 (31), 44-49 [in Ukrainian]

Sidenko, V. (et al.). (2018). Pereformatuvannja jevropejs'koi' integracii': mozhlyvostii ryzyky dlja asociacii' Ukrai'na-JeS [Reformatting European integration: opportunities and risks for Ukraine-EU association]. Kyi'v: Zapovit [in Ukrainian].

Sirenko, K. Ju. (2018). Jevrointegracijna polityka Ukrai'ny: pozytyvni ta negatyvni aspekty [Ukraine's European integration policy: positive and negative aspects]. Naukovyj visnyk Uzhgorods'kogo nacional'nogo universytetu – Scientific Bulletin of Uzhhorod National University, (Vol. 22, part 3), (pp. 65-68) [in Ukrainian].

Pokryshka, D. S., & Tyshhuk, T. A. (2015). Dynamika zovnishn'oi' torgivli v Ukrai'ni v umovah transformacii' vnutrishnih i zovnishnih faktoriv rostu [Dynamics of foreign trade in Ukraine in the conditions of transformation of internal and external growth factors]. Zovnishnja torgivlja: Ekonomika, finansy, pravo – Foreigntrade: Economics, finance, law, 5–6 (82–86), 50-59. Retrieved from [in Ukrainian].

Dalyk, V. P., & Duljaba, N. I. (2016). Zovnishnja torgivlja Ukrai'ny: realii' ta perspektyvy rozvytku [Ukraine's foreign trade: realities and prospects of development]. Naukovyj visnyk Uzhgorods'kogo nacional'nogo universytetu – Scientific Bulletin of Uzhhorod National University, 7, 110-113. Retrieved from [in Ukrainian].

Filipenko, A. S., Reznikova, N. V., Rogach, O. I., & Shnyrkov, O. I. (et al.). (2020). Dydzhytalizacija suchasnoi' systemy mizhnarodnyh vidnosyn [Digitalization of the modern system of international relations]. Kyi'v: VPC Kyi'vs'kyj universytet [in Ukrainian].

Global'ni trendy mizhnarodnyh vidnosyn [Global trends in international relations]. Kyi'v: Vadeks, 2020 [in Ukrainian].

Global'ni trendy mizhnarodnyh vidnosyn–Association Agreement between Ukraine and the European Union. Retrieved from [in Ukrainian].

Jevrointegracijnyj portal – European integration portal. Retrieved from [in Ukrainian].

Sajt Derzhavnoi' sluzhby statystyky – Website of the State Statistics Service. Retrieved from [in Ukrainian].

Organisation for economic co-operation and development. Retrieved from [in English].

Sajt Ministerstva finansiv Ukrai'ny – Website of the Ministry of Finance of Ukraine. Retrieved from [in Ukrainian].

Mul'tymedijna platforma inomovlennja Ukrai'ny – Multimedia platform of foreign broadcasting of Ukraine. Retrieved from [in Ukrainian].

Website Herritage Foundation. Retrieved from [in Ukrainian].



How to Cite

ZUBKO Т. (2021). European integration: advantages and threats to Ukraine’s foreign trade. oreign rade: onomics, inance, aw, 119(6), 69–86.