INDICATORS OF INTERNATIONAL TRADE ORIENTATION OF UKRAINE IN THE CONTEXT OF ASSESSMENT OF THE EFFECTIVENESS OF ITS EXPORT RELATIONS

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Statistics in Transition New Series

Polish Statistical Association

Central Statistical Office of Poland

Subject: Economics , Statistics & Probability

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ISSN: 1234-7655
eISSN: 2450-0291

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VOLUME 19 , ISSUE 1 (March 2018) > List of articles

INDICATORS OF INTERNATIONAL TRADE ORIENTATION OF UKRAINE IN THE CONTEXT OF ASSESSMENT OF THE EFFECTIVENESS OF ITS EXPORT RELATIONS

N. Reznikova / O. Osaulenko / V. Panchenko

Keywords : economic policy, export orientation, trade relations, trade dependence

Citation Information : Statistics in Transition New Series. Volume 19, Issue 1, Pages 119-134, DOI: https://doi.org/10.21307/stattrans-2018-007

License : (CC BY-NC-ND 4.0)

Published Online: 27-May-2018

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ABSTRACT

The approach to study the significance of trade relations between countries by analysing economic vulnerability, economic sensitivity, symmetry and asymmetry of the established economic links is proposed in the paper. This approach is adapted to an analysis of the trade dependence of Ukraine. The estimated interdependence ratios for Ukraine and its largest trade partners – the EU, the Russian Federation, post-Soviet countries, China, the USA and Brazil and India as emerging economies – are compared with the respective ratios of Ukraine’s dependence on these countries’ markets. The analysed dynamics of Ukraine’s GDP dependence on Ukraine’s trade partners shows a growing relative weight of the countries that have not had a substantial role in the foreign trade of Ukraine. The proposed approach for estimating the quality of the established trade relations is supposed to contribute to the radical transformation of Ukraine’s foreign trade.

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