MADR: Agrifood trade deficit, three times higher in H1

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Romania recorded in the first half of this year a deficit of almost EUR 664 million in the trade of agricultural products, three times higher than the level recorded in the same period of 2015, EUR 211.8 million respectively, according to an analysis made by the Ministry of Agriculture and Rural Development (MADR) representatives, agerpres.ro informs.

After the first six months of 2016, the exports top is still dominated by wheat, tobacco and maize, while the imports are represented by pork meat, bakery products, confectionery and biscuits and food preparations.

MADR analysis reveals that the exports of agrifood products fell during the first half of this year by 4.9 percent, compared to the same period of 2015, totaling EUR 2.326 billion, while imports increased by 12.5 percent to EUR 2.989 billion.

The European Union remains Romania’s most important partner in agrifood trade, the deliveries to the Member States having a share value of 58.4 percent of total exports, EUR 1.358 billion respectively, while intra-Community acquisitions were of 81.5 percent of total imports (EUR 2.437 billion).

In H1, Romania exported agrifood products in third countries of EUR 967.8 million and imported of EUR 552 million.

Romania has ended 2013 and 2014 on surplus in agrifood products trade, with an additional of EUR 300 million and EUR 500 million respectively, after 20 years in which the imports exceeded the food and agricultural products exports, but in 2015, the country returned on deficit, registering a minus of EUR 89 million.

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