He European Union's foreign trade: a storm warning?

The article deals with the current trends in foreign trade of the European Union (EU), acting as a leading subject of modern international commodity trade. The author shows that against the background of the universal turbulence immanent for the modern global trade, the EU manages not only to maintain, but also to expand its dominant position. This is largely facilitated by the group's well-thought-out foreign trade policy, which allows active using of the tools at its disposal. However, the latest prognostic data contain a warning about the high probability of the next world economic crisis unfolding, which is expected at the end of this year (2019) in connection with the approaching end of the current cycle in world economic development. The author presents numerous original calculation data, exclusive statistical materials, in fact, for the first time introduced into the domestic scientific circulation.