Romania’s agrifood trade surplus exceeded EUR 500 M at the end of November 2014

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Romania exported agrifood products of almost EUR 5 billion in the first 11 months of 2014, an amount which led to the increase of trade surplus by 80 percent to EUR 541 million, EUR 239.9 million higher than the level recorded at the end of November 2013 (EUR 301.1 million), according to Ministry of Agriculture and Rural Development (MADR) data.

Exports of agricultural products in January-November 2014 totaled EUR 4.998 billion, 7.3 percent (EUR 340 million) more than in the same period in 2013, while imports amounted to EUR 4.457 billion. They have increased in a slower pace (+ 2.3 percent), exceeding by EUR 100.1 million the value recorded in the same period in 2013.

Deliveries to European Union countries increased by 11 percent from EUR 2.73 billion in the first 11 months of 2013 to EUR 3,03 billion in the same period of 2014 and to third countries increased by 2 percent to EUR 1.963 billion.

According to MADR, cigarettes exports grew by 25.2 percent in volume and brought additional revenues of EUR 166.7 million, amounting to EUR 637.8 million, representing an increase of 35.4 percent in value. Instead, the economic performance of external supplies of wheat, the main exported product, has not reached the anticipated level in the first 11 months of 2014.

On the other hand, imports increased mainly in raw tobacco, poultry, pork and chocolate. The resulted increase was mitigated by lower imports of sugar (- EUR 63.9 million), cigarettes (- EUR 25 million), milk and cream, wheat and mineral waters containing sugar.

The European Union was Romania’s main partner in agrifood trading.

 

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