Indicators of international trade orientation of ukraine in the context of assessment of the effectiveness of its export relations

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.