Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
The article is aimed at identifying the features of foreign trade in goods and services of the European Union in today’s environment. The positions of the integration grouping in the world exports and imports is characterized; the dynamics of the EU’s foreign trade and the reasons for its recent slo...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2019-06-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2019-6_0-pages-26_33.pdf |
| Summary: | The article is aimed at identifying the features of foreign trade in goods and services of the European Union in today’s environment. The positions of the integration grouping in the world exports and imports is characterized; the dynamics of the EU’s foreign trade and the reasons for its recent slowdown are analyzed. Significant attention is paid to the analysis of the commodity and geographical structure of the European Union’s foreign trade. Features of the EU’s foreign trade in goods are analyzed. In particular, the shifts in the structure of the leading countries – trade partners of the association – are illuminated. The specifics of the participation of individual EU Member States in foreign trade in goods are characterized. The shifts in the product structure of exports and imports of the European Union are discussed in detail. The latest tendencies in the foreign trade in services of the European Union are highlighted. It is noted that recently the growth rate of foreign trade in services of the EU exceeded the growth rate of foreign trade in goods, which indicates the growing importance of the service sector both in foreign trade and in the economy of the European Union. |
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| ISSN: | 2222-4459 2311-116X |