Most of Romanian exports leave for countries in Western Europe – France, Germany, Italy and the UK – 57% of the goods and services that aim the European Union, and 44% of imports come from these countries, resulting in a surplus of EUR 3.8 billion, the Competition Council says in a report on Romania’s foreign trade.
The report reads that Romania’s exports to Eastern Europe are lower, although the countries are closer from the geographic and structural points of view. Thus, Romania registers deficits with Hungary (-EUR 2.6 billion), Poland (-EUR 2.3 billion), Slovakia (-EUR 658 million and Czech Republic (-398 million).
Romania exported in 2018 automobiles and auto parts (spare parts and tires) worth EUR 32.1 billion (47.4% of the total goods exports).
Overall, Romania registered FOB/CIF trade deficit with goods of EUR 15.1 billion in 2018 and a trade surplus with services of EUR 8 billion, according to the National Bank of Romania (BNR) and Eurostat.
The analysis points to the fact that the European Union countries are more accessible for Romanian companies as compared to other countries.