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Romania, still on deficit in agri foodstuffs trade

Romania’s deficit in agri-food trade, up by 53 pc in 2017 yoy

Last year, Romania registered deficit in the agri-food trade of EUR 853.9 million, up by 53 percent against 2016 – EUR 557.4 million, according to figures provided by the Ministry of Agriculture and Rural Development (MADR).

”Romania recorded a 4.6 percent increase in exports of agri-food products in 2017 compared to 2016, reaching a value of EUR 6.23 billion, the largest share being held by raw materials. Romania’s imports totaled EUR 7.1 billion, with a significant share of value-added products

According to MADR data, the main products exported last year were cereals, as only earnings from wheat and corn reached EUR 1.73 billion. Thus, Romania exported EUR 1 billion of wheat, EUR 730 million corn seed, EUR 580 million of rapeseed seed, EUR 520 million of sunflower seeds and EUR 220 million barley. Last but not least, the export of live animals, cattles, contributed EUR 200 million in 2017.

Statistics also show that in the top of imports from EU and third countries in 2017 dominate pork meat (EUR 475 million), followed by milk and dairy products (EUR 314 million), exotic fruits (EUR 400 million), coffee (EUR 200 million) and chocolate (EUR 245 million).

”In terms of trade balance, Romania exports twice in quantity, especially raw materials, but the trade deficit comes from the added value of the imported products,” MADR notes.

As regards the tomatoes, where the product support program was implemented, for the first time since the 1990s, the whole tomato juice on the market was made from domestic production.

2013 and 2014 are the only years when Romania registered surplus in the agri-food trade, of EUR 300 million and EUR 500 million respectively.

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