Abstract: The article deals with the current state of development of foreign trade in Ukraine. The peculiarities of foreign economic activity in the conditions of active integration of the country into the European space are conducted. Economic dynamics is forecasted on the basis of trend models. The ways of further directions of development of foreign economic activity in Ukraine are given in the light of crisis situations both in the world and in Ukraine in recent times. The problems of reorientation of Ukrainian export of products to Russia to other geographic markets are considered. It is proved that the integration of Ukraine into the international community requires the implementation of such a model of economic regulation of foreign economic activity of enterprises, which would be in the interests of the state, and private, in particular, foreign business, and facilitated the formation of new forms of cooperation in this field. The introduction of new trends in the organization of such a model and the implementation of practical steps to expand the export operations of enterprises through the development of foreign economic activity of the regions will contribute to economic transformation and the creation of competitive production potential in our country. State instruments of economic regulation of foreign economic activity are proposed. State levers of economic regulation of foreign economic activity are indicated, which ensures the use and optimal combination of the existing competitive advantages of enterprises entering the international markets.