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Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment
Kovtun T. D.

Kovtun, Tamara D. (2019) “Features of Foreign Trade in Goods and Services of the European Union in Today’s Environment.” Business Inform 6:26–33.
https://doi.org/10.32983/2222-4459-2019-6-26-33

Section: International Economic Relations

UDC 339.56:061.1ЄС

Abstract:
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.

Keywords: foreign trade, the European Union, exports, imports, the commodity and geographical structure of trade.

Fig.: 8. Tabl.: 2. Bibl.: 9.

Kovtun Tamara D. – Senior Lecturer, Department of International Economics and World Economy, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

Gladkov, I. S. “Vneshnetorgovyye svyazi Yevropeyskogo Soyuza na sovremennom etape: «effekt cherepakhi»“ [Foreign trade relations of the European Union at the present stage: the "turtle effect"]. Vlast, vol. 25, no. 10 (2017): 105-111.
Lunin, E. A. “Osobennosti torgovykh vzaimootnosheniy stran YeS“ [Features of trade relations of the EU countries]. Mirovaya ekonomika i mezhdunarodnyye ekonomicheskiye otnosheniya, no. 6 (2009): 382-386.
Gladkov, I. S. “Dinamicheskiye i strukturnyye kharakteristiki sovremennykh vneshnetorgovykh svyazey Yevropeyskogo Soyuza“ [Dynamic and structural characteristics of the modern foreign trade relations of the European Union]. Mezhdunarodnaya torgovlya i torgovaya politika, no. 4 (2015): 30-38.
Rodionova, I. A., and Umerova, I. A. “Pozitsii stran - chlenov YeS v mirovoy i vnutriregionalnoy torgovle“ [Positions of EU Member States in World and Intraregional Trade]. Regionalnaya ekonomika: teoriya i praktika, no. 41 (2009): 103-108.
“A third of EU trade is with the United States and China“. http://ec.europa.eu/eurostat/documents/2995521/8765917/6-26032018-AP-EN.pdf/0a4e2aea-1654-4c0d-92b1-c44ac844726f
“Globalization patterns in EU trade and investment. 2017“. http://ec.europa.eu/eurostat/documents/3217494/8533590/KS-06-17-380-EN-N.pdf/8b3e000a-6d53-4089-aea3-4e33bdc0055c
“International trade in goods. 2018“. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_goods
“International trade in services. 2018“. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_services
“UNCTADstat Data Center“. http://unctadstat.unctad.org/wds/ReportFolders/reportFolders.aspx?sCS_ChosenLang=en

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