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The article delves into the urgent issues surrounding to the development of Ukraine's enterprises' international activities in contemporary conditions. It provides a meticulous examination of the fluctuating landscape of Ukraine's exports and imports, meticulously identifying key trends and primary drivers behind these changes. Special attention is paid to the development of exports of domestic metallurgical and agricultural products, as well as the analysis of service exports and the identification of negative factors affecting the operations of exporting enterprises. Additionally, the article meticulously examines the commodity structure and geographical distribution of imports, offering a comprehensive understanding of the nation's trade dynamics. Drawing from this exhaustive analysis, it arrives at conclusive insights regarding the imperative need for structural reforms within the domestic economy. Central to the discourse is the imperative need for the formulation of a comprehensive industrial policy, determining its fundamental principles and strategic priorities. The article underscores the urgency of adopting proactive measures conducive to contemporary demands at macroeconomic, regional, and microeconomic levels. It is envisaged that these measures will enhance the resilience and effectiveness of international trade operations amid global changes in the local and global markets, thereby strengthening the country's economic foundations and enhancing its competitiveness on the international stage. The article contains a profound analysis of various aspects shaping the trajectory of enterprises' international interactions. It emphasizes the necessity of forming a comprehensive industrial policy and delineates its principles and priorities aimed at reshaping the economic landscape and stimulating sustainable growth in an era characterized by unprecedented volatility and interconnectedness. The conclusion is drawn that the modernization and development of the internal processing industry should become a key factor in enhancing competitiveness and fostering economic development in Ukraine
Grygorova et al. (Sat,) studied this question.
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