Journal Regional Economy -- re2021.02.205

UDC 339.5:338.51; JEL F10, D40
Anhelko, I. V., Lekh, H. A., Shparyk, Kh. V., & Danylo, S. I. (2021). Ekonomichnyy zmist zovnishn'otorhovel'nykh tsin ta mekhanizm yikh formuvannya [Economic content of foreign trade prices and the mechanism of their formation]. Rehional'na ekonomika - Regional Economy, 100 (2), 205-213. DOI: https://doi.org/10.36818/1562-0905-2021-2-19. [in Ukrainian].
Sources: 12

Authors

Anhelko Iryna Volodymyrivna

Ph.D. of Economics

Senior Lecturer of the Department of economics and marketing of the Academic institute of entrepreneurship and advanced technologies of the Lviv Polytechnic National University

Contacts: iryna.anhelko@gmail.com

Webpages:

Lekh Halyna Andriyivna

Ph.D. of Economics, Associate Professor

Associate Professor of the Department of history of Ukraine, economic theory and law of the National Forestry University of Ukraine

Contacts: gala1960@ukr.net, stasiuk@nltu.edu.ua

Webpages:

Shparyk Khrystyna Volodymyrivna

Ph.D. of Economics

Assistant of the Department of political science (program "Ethics-politics-economics") of the Ukrainian Catholic University

Contacts: kh_kyrylych@ukr.net

Webpages:

Danylo Svitlana Ivanivna

Ph.D. of Economics

Associate Professor of the Department of commodity studies and commercial activity of the Uzhgorod Institute of Trade and Economics of Kyiv National University of Trade and Economics

Contacts: kveta_utei@ukr.net

Webpages:

Resume

The article highlights the main trends of the current state of Ukraine’s foreign trade in terms of exports and imports of goods and services. It is noted that in the current conditions of globalization, foreign economic activity is one of the necessary conditions for maintaining sustainable economic development of the country, increasing the welfare of its population, improving the quality and standard of living.The commodity structure of foreign economic activity of Ukraineis characterized. It is proved that the structure of Ukraine’s foreign economic activity is dominated by commodity orientation. Thus, in the total value of exports, goods occupy more than 80%, in the total value of imports – more than 90%. It is generalized that despite the socio-economic instability, the current state of Ukraine’s foreign economic activity remains at a fairly high level, which causes its close dependence on changes in external conditions. It is substantiated that the central role in determining the total volume of exports and imports of goods and services is occupied by the issue of pricing. The economic content of foreign trade prices through the prism of the main types of foreign economic transactions is highlighted. It is proved that the mechanism of formation of foreign trade prices is due to their economic content and the specifics of the components, which are clearly regulated by current legislation. At the same time, it is determined that the mechanism of formation of foreign trade prices in the implementation of export and import operations is excellent, due to their economic content and the specifics of the operations themselves. The main components of export and import prices are considered. A detailed description of the individual components of prices is given.It is generalized that despite the clarity of the definition of the main components, the formation of seller prices (exporter or importer) is influenced by contractual terms agreed between the subjects of foreign economic relations in accordance with the rules of Incoterms. In fact, the latter are intended to «simplify» the lives of participants in domestic and international trade transactions and contain a detailed description of the distribution of terms of responsibility between the buyer and seller for the goods and their delivery in foreign markets.

Keywords:

foreign economic activity, foreign trade, export, export price, import, import price

References

Hromov, O. (2021, Feb 12). Instrument zaokhochennya promyslovoho rozvytku [Tool for promoting industrial development]. Uryadovyy kur"yer – Government courier. Retrieved from https://ukurier.gov.ua/uk/articles/instrument-zaohochennya-promislovogo-rozvitku [in Ukrainian].