FOREIGN TRADE BETWEEN UKRAINE AND INDIA IN THE CONDITIONS OF GLOBAL TURBULENCE

Abstract

The article analyzes the current state and trends of Ukraine's foreign trade activity, which is implemented in conditions of war and global challenges. The geographical and commodity structure of Ukraine's foreign trade activity is analyzed. It is established that the main foreign trade partners of Ukraine are European countries, primarily EU countries. The foreign trade cooperation between Ukraine and India is significant, and has great prospects for development. It is established that the largest share of Ukrainian exports in 2024 was made up of the following groups of goods: "Plant products", "Animal or plant fats and oils", "Base metals and preparations thereof". The groups of goods "Machines, equipment and mechanisms, electric and technical equipment", "Ground, air and water transport facilities", "Mineral products" made up the largest share of Ukrainian imports in 2024. Ukrainian exports are traditionally raw materials, and Ukrainian imports are dominated by goods with a high share of added value. The authors found that Ukrainian exports to India had a clearly expressed agricultural and raw material orientation. The main groups of goods that Ukraine exports to India ("Animal or plant fats and oils" (more than 70%), as well as "Plant products", "Machines, equipment and mechanisms, electric and technical equipment") were determined. And the main groups of goods imported from India to Ukraine ("Products of chemical and allied industries", in particular pharmaceutical products, "Machines, equipment and mechanisms, electric and technical equipment", "Mineral products"). The authors substantiated the problems of the countries, in particular, those related to the war of the Russian Federation against Ukraine and the confrontation between India and Pakistan. It is substantiated that foreign trade activity between Ukraine and India is strategically important and has great potential in many areas of activity. Among the promising areas of cooperation between the two countries, foreign trade cooperation in the agricultural sector and ensuring food security, cooperation in the pharmaceutical industry, as well as in the formation of pharmaceutical clusters, IT and outsourcing, in education and science, as well as in the aerospace industry and the military-defense sector were noted. Instruments that will contribute to the further development of cooperation between the countries were outlined.