EVALUATION OF EXPORT DIVERSIFICATION IN UKRAINE

Abstract

The article looks into evolution of Ukrainian merchandise export through the lens of its diversification. Problems with export diversification in Ukraine are stipulated in key government strategic plans of economic development, so detailed examination of diversification processes becomes particularly important. Study applies advanced methodology to explore export diversification in Ukraine at extensive and intensive margins, as well as HS6-digit division of commodity groups to get the most accurate results. Export trends, geography and structural shifts are analyzed. Results of global recession of 2009 for structural changes in Ukraine’s exports are defined. The main factors of Ukraine’s export concentration are revealed. Challenges, posed by lack of exports diversification, for steady economic growth and development are emphasized. Key advantages and disadvantages of boosting export diversification through integration into global value chains are argued. Causes and consequences of geographical reorientation of Ukraine’s export are analyzed. Efficiency of Ukraine’s trade relations with China as a new biggest trade partner is estimated. Results of this study can be used in preparation of analytical materials on the development of Ukraine’s export potential and international specialization, as well as in elaboration of new Export Strategy of Ukraine.