foreign trade balance

The article is devoted to the problems of developing foreign trade relations between Ukraine and China, as China ranks first in terms of trade among other trade partners of Ukraine. The article analyzes the reasons for China’s interest in Ukraine and possible benefits for our country. The countries’ export, import, foreign trade turnover, and foreign trade balance indicators are studied. The calculated indicators allowed us to state a positive trade balance for most goods, which indicates the advantage of exports over imports.

In most developed countries automobile industry covers the leading sector of civil engineering and industrial production over the world. In the developed countries, the industry is strategic because it provides the development of many related industries, promotes the assimilation of high technologies, creation of final products with high added value, and contributes to the employment and bring appropriate charges to budgets. It is reasonable to develop automobile industry in Ukraine as a strategic industry.