Foreign trade position of Ukraine in the EU: study of change trends during the period of marital status

As is well known, an important component of Ukraine's European integration is trade cooperation with EU countries, which has provided Ukrainian enterprises with simplified access to the markets of the European Union. Amid the deepening of these integration processes, the article analyses the main foreign trade partners of Ukraine. In order to study trends in changes in foreign trade during the period of martial law, the article uses 3 analytical periods: 1st quarter 2020, 1st quarter 2022, 1st quarter 2024. Cluster analysis implemented in SPSS from IBM was used to form groups of foreign trade partners. During the studied period, Poland and Germany belong to the group of the largest foreign trade partners of Ukraine in the EU. Spain, Italy and the Netherlands are included in the second group of countries in terms of the volume of foreign trade operations, which, however, in the 1st quarter in 2022, due to Ukraine's restrictions on foreign trade, the volume of export-import operations with Ukraine was reduced in to cluster 3 (Romania, Austria, Belgium, Bulgaria, the United Kingdom of Great Britain and Northern Ireland, the Czech Republic, Slovakia, Lithuania, France, Hungary). Cluster 4 is characterized by the lowest volume of export-import transactions with Ukraine, and it includes the last group of coun- tries (Sweden, Malta, Portugal, Latvia, Ireland, Greece, Croatia, Luxembourg, Cyprus, Denmark, Esto- nia, Finland, Slovenia). In terms of resuming the activity of domestic enterprises, which was suspended since the beginning of the war, the adaptability of the Ukrainian economy, changes in global supply chains and their final reorientation to EU countries, in the 1st quarter 2024, the distance between foreign trade indicators of Ukraine and individual EU countries increased. This led to the division of cluster 2 into two groups of countries: cluster 2.1 (Spain, Italy, the Netherlands, Romania), cluster 2.2 (Greece, the Czech Republic, France, Slovakia, Bulgaria). This provides grounds for the development of trade relations with EU coun- tries, sectoral integration into the EU Internal Market, etc.

Authors

Publication Details

Journal
Management and Entrepreneurship in Ukraine the stages of formation and problems of development
Published
2024-12-01
DOI
https://doi.org/10.23939/smeu2024.02.323
Citations
2
Primary Topic
Economic Issues in Ukraine
Type
article
Field-Weighted Citation Impact
1.66
Controls
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article

Foreign trade position of Ukraine in the EU: study of change trends during the period of marital status

Наталія Колінько, Olha Pyroh, Nazar Berdei
2 citations
Management and Entrepreneurship in Ukraine the stages of formation and problems of development
Economic Issues in Ukraine
1.66
article

Foreign trade position of Ukraine in the EU: study of change trends during the period of marital status

Наталія Колінько, Olha Pyroh, Nazar Berdei
article en
2 citations

Abstract

As is well known, an important component of Ukraine's European integration is trade cooperation with EU countries, which has provided Ukrainian enterprises with simplified access to the markets of the European Union. Amid the deepening of these integration processes, the article analyses the main foreign trade partners of Ukraine. In order to study trends in changes in foreign trade during the period of martial law, the article uses 3 analytical periods: 1st quarter 2020, 1st quarter 2022, 1st quarter 2024. Cluster analysis implemented in SPSS from IBM was used to form groups of foreign trade partners. During the studied period, Poland and Germany belong to the group of the largest foreign trade partners of Ukraine in the EU. Spain, Italy and the Netherlands are included in the second group of countries in terms of the volume of foreign trade operations, which, however, in the 1st quarter in 2022, due to Ukraine's restrictions on foreign trade, the volume of export-import operations with Ukraine was reduced in to cluster 3 (Romania, Austria, Belgium, Bulgaria, the United Kingdom of Great Britain and Northern Ireland, the Czech Republic, Slovakia, Lithuania, France, Hungary). Cluster 4 is characterized by the lowest volume of export-import transactions with Ukraine, and it includes the last group of coun- tries (Sweden, Malta, Portugal, Latvia, Ireland, Greece, Croatia, Luxembourg, Cyprus, Denmark, Esto- nia, Finland, Slovenia). In terms of resuming the activity of domestic enterprises, which was suspended since the beginning of the war, the adaptability of the Ukrainian economy, changes in global supply chains and their final reorientation to EU countries, in the 1st quarter 2024, the distance between foreign trade indicators of Ukraine and individual EU countries increased. This led to the division of cluster 2 into two groups of countries: cluster 2.1 (Spain, Italy, the Netherlands, Romania), cluster 2.2 (Greece, the Czech Republic, France, Slovakia, Bulgaria). This provides grounds for the development of trade relations with EU coun- tries, sectoral integration into the EU Internal Market, etc.

Management and Entrepreneurship in Ukraine the stages of formation and problems of developmentVol. 2024(2)
Partnerships for the goals
Openalex Percentile: Top 12%
Economic Issues in Ukraine
1.66
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