• Andriy Syshchuk Lesya Ukrainka Volyn National University
  • Nataliia Hrytsiuk Lesya Ukrainka Volyn National University
Keywords: export credit agencies, banking credit, export credit, state trade policy, export stimulation, promoting policy.


Abstract. In the current context export crediting, insurance and guarantee of export credits as state stimulation financial methods of export production have become an organic part of the states` foreign trade policy realization mechanism. Providing state guarantees for an export credit is in many cases a primary condition for obtaining it. Therefore, the importance of state insurance in foreign trade is constantly growing, which, in turn, increases the reliability and efficiency of export operations. Export credit agencies are a highly effective institutional mechanism of state promoting policy.

The main advantages and disadvantages of export credit agencies are analyzed.  Models of export financing are offered and the cost with the involvement of the export credit agency is indicated.  Taking into account foreign experience, the main factors hindering the process of forming an effective system of state financial support for exports are identified and the feasibility of creating a specialized institution to support export activities in Ukraine is justified.  After all, with the development of market relations and integration into the European economic space, characterized by the intensity of foreign trade, which is manifested in increasing the number and volume of export and import operations, there is a need to identify and study new economic mechanisms of financial support. 


1. Short R. Export Credit Agencies, Project Finance, and Commercial Risk: Whose Risk is it, Anyway? Fordham Intemational Law Joumal. 2000. Volume 24. No 4. P. 1371-1381 – Retrieved from [in English].

2. Wright Ch. Export Credit Agencies and Global Energy: Promoting National Exports in a Changing World. Global Policy, Global Energy Governance. 2011. Vol. 2. R. 133-143. Retrieved from: [in English].

3. Berne Union (2013). Statistics. Retriever from http://www.berneuniо [in English].

4. Belinska Y. V. Derzhavna pidtrymka eksportu: zarubizhnyi dosvid ta uroky dlia Ukrainy [State support of export: foreign experience and lessons for Ukraine].2008. No 3 (8). Retrieved from] [in Ukrainian].

5. Boyko Y. O. Eksportne ahentstvo, yak skladova derzhavnoho upravlinnia v pidvyshchenni [Export agency as a component of public admin istration in increasing exports] URL: [in Ukrainian].

6. Hryhoriak R. M. Kredytno-finansovi instrumenty stymuliuvannia eksportu v Ukraini [Credit and financial instruments for export promotion in Ukraine. Retrieved fromр=19910 [in Ukrainian].

7. Lomiychuk V. Eksportno-kredytni ahentstva. Chomu vony vazhlyvi dlia Ukrainy. [Export credit agencies. Why they are important for Ukraine]. Yevropeiska pravda. 2015. №4 . Retrieved from http: //www.eugontegration.cо 2015/04/21/7033079/ [in Ukrainian].

8. Lyakhova O. O., Urvantseva S.V. Eksportni kredytni ahentstva yak efektyvnyi instrument finansovoho stymuliuvannia zovnishnoekonomichnoi diialnosti. [Export credit agencies as an effective instrument of financial incentives for foreign economic activity]. Ekonomichnyi chasopys-XXI. 2015. № 1-2 (2). P. 23-26. [in Ukrainian].

9. Sidyachenko V. Vprovadzhennia finansovykh instrumentiv rozvytku eksportu v Ukraini iz vrakhuvanniam dosvidu diialnosti Korporatsii Strakhuvannia Eksportnoho Kredytuvannia Polshchi [Implementation of financial instruments for export development in Ukraine, taking into account the experience of the Export Credit Insurance Corporation of Poland] 2002. Retrieved from [in Ukrainian].

10. Snopenko G. G. Snopenko M. G. Ekonomichnyi aspekt vprovadzhennia mekhanizmiv finansovoi pidtrymky natsionalnykh pidpryiemstv - eksporteriv produktsii. [Economic aspect of implementation of mechanisms of financial support of national enterprises - exporters of products] Visnyk Nats. tekhn. un-tu KhPI: Coll. Science. etc. Topic. issue : Technical progress and production efficiency. - Kharkiv: NTU "KhPI" . 2012. № 25. P. 25-40. [in Ukrainian].

11. Khozeeva I. S., Snopenko G. G. Kredytno-finansovyi instrumentarii derzhavnoho stymuliuvannia eksportu v Ukraini [Credit and financial tools of state export promotion in Ukraine] Visnyk SNU im. V. Dalia. 2011. №10 (2) Ch. 2. P. 284-291 [in Ukrainian].

12. Shkolenko O. B. Stratehiia stymuliuvannia eksportnoi diialnosti vitchyznianykh pidpryiemstv [Strategy for stimulating the export activity of domestic enterprises] Ekonomika. Menedzhment. Biznes. Kiev. 2015. № l. C. 132-136. [in Ukrainian].
Entrepreneurship trade and exchange activities