IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v17y2023i1p285-297n20.html
   My bibliography  Save this article

COVID-19 Impact on Romania’s Agri-Food Trade: Opportunity or Threat

Author

Listed:
  • Saracutu Ionuț

    (Bucharest University of Economic Studies, Bucharest, Romania; this paper was co-financed by the Bucharest University of Economic Studies during the PhD program)

Abstract

The COVID-19 virus has led to a globally general panic, followed by social and economic decline especially in 2020, but with consequences also extending to 2021. However, worldwide the agrifood sector has been only slightly affected due the fact that is a strategic sector, of major importance, and the global value chains have worked through the innovative solutions and the agility of producers, distributors and retailers. Governments have also played an important role through concrete measures to support the agri-food sector. The objective of this paper is to analyze COVID-19 impact and to highlight the effects on Romania’s agri-food trade. The analyzed period is 2010-2020, but with a particular focus on the last two closed years, 2019 and 2020 (before the pandemic and during the pandemic). The results show that the coronavirus pandemic was not an opportunity for the Romanian agri-food sector, as the value of exports decreased in 2020 compared to 2019, due government’s decision from 10 April 2020 to ban grain exports outside the EU. Another determining factor that caused these negative results in 2020 was the severe drought and the sensitivity due to rudimentary agricultural practices, lack of automation, lack of modern equipment and innovation. On this negative background the agri-food trade deficit increased.

Suggested Citation

  • Saracutu Ionuț, 2023. "COVID-19 Impact on Romania’s Agri-Food Trade: Opportunity or Threat," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 285-297, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:285-297:n:20
    DOI: 10.2478/picbe-2023-0030
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2023-0030
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2023-0030?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Petrescu-Mag, Ruxandra Malina & Petrescu, Dacinia Crina & Todoran, Silviu Ciprian & Petrescu-Mag, Ioan Valentin, 2021. "Us and them. Is the COVID-19 pandemic a driver for xenophobia in land transactions in Romania?," Land Use Policy, Elsevier, vol. 103(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ruxandra Malina Petrescu-Mag & Hamid Rastegari Kopaei & Dacinia Crina Petrescu, 2021. "What Drives Landowners to Resist Selling Their Land? Insights from Ethical Capitalism and Landowners’ Perceptions," Land, MDPI, vol. 10(3), pages 1-21, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:285-297:n:20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.