Problems of Mechanical Engineering Development in Ukraine

Mechanical engineering is the most innovative segment of the world economy and especially the economy of industrial European countries. The purpose of this article is to analytically identify the problems and outline the prospects for the development of mechanical engineering in Ukraine. According to the results of the authors’ research, the dynamics and features of production and foreign economic activity of mechanical engineering enterprises in Ukraine within the regional context are determined. The dependence of the Ukrainian economy on imports of mechanical engineering products is calculated, and the share of imports in the costs of Ukrainian mechanical engineering productions is determined. The key trends in the development of mechanical engineering in Ukraine during 2010-2020 are substantiated. The measures of the state industrial policy directed at overcoming the challenges and threats in the development of Ukrainian mechanical engineering in the conditions of globalization are offered.