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Analysis of Romania's Trade Balance with Agri-Food Products

Author

Listed:
  • Nicolae Istudor

    (The Bucharest University of Economic Studies, Romania)

  • Emilia Gogu

    (The Bucharest University of Economic Studies, Romania)

  • Irina-Elena Petrescu

    (The Bucharest University of Economic Studies, Romania)

  • Mihai Istudor

    (The Bucharest University of Economic Studies, Romania)

Abstract

The paper represents an analysis of the evolution of Romania's trade balance at the level of the national economy, as well as that of agri-food products, from 2000 to 2021. The degree of coverage of import by export was also determined, an indicator that reflects the economy's ability to export an adequate volume of goods and services to cover import needs during a year. It is calculated in percentage terms as a ratio between the value of exports and imports. At the level of the national economy, the degree of coverage of imports by exports fluctuated between 2000 and 2021. In 2021, it registered a slight decrease compared to 2000, by 3.3%. By category of agri-food products, there are significant increases in the degree of coverage in the case of cereals and decreases in the case of vegetables, as a result of the increase in imports.

Suggested Citation

  • Nicolae Istudor & Emilia Gogu & Irina-Elena Petrescu & Mihai Istudor, 2022. "Analysis of Romania's Trade Balance with Agri-Food Products," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 77-86, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:77-86
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    More about this item

    Keywords

    competitiveness; trade balance; agri-food sector;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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