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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Main Author: Kovtun Tamara D.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-06-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2019-6_0-pages-26_33.pdf
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author Kovtun Tamara D.
author_facet Kovtun Tamara D.
author_sort Kovtun Tamara D.
collection DOAJ
description 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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spelling doaj.art-75d9fb8354d542b68430568853f813d12022-12-21T19:43:24ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2019-06-016497263310.32983/2222-4459-2019-6-26-33Features of Foreign Trade in Goods and Services of the European Union in Today’s EnvironmentKovtun Tamara D.0V. N. Karazin Kharkiv National UniversityThe 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.http://www.business-inform.net/export_pdf/business-inform-2019-6_0-pages-26_33.pdfforeign tradethe European Unionexportsimportsthe commodity and geographical structure of trade
spellingShingle Kovtun Tamara D.
Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
Bìznes Inform
foreign trade
the European Union
exports
imports
the commodity and geographical structure of trade
title Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
title_full Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
title_fullStr Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
title_full_unstemmed Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
title_short Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
title_sort features of foreign trade in goods and services of the european union in today s environment
topic foreign trade
the European Union
exports
imports
the commodity and geographical structure of trade
url http://www.business-inform.net/export_pdf/business-inform-2019-6_0-pages-26_33.pdf
work_keys_str_mv AT kovtuntamarad featuresofforeigntradeingoodsandservicesoftheeuropeanunionintodaysenvironment