Analysis of Romania's Trade Balance with Agri-Food Products

Abstract

The paper represents an analysis of the evolution of Romania's trade balance at the level of the national economy, as well as that of agri-food products, from 2000 to 2021. The degree of coverage of import by export was also determined, an indicator that reflects the economy's ability to export an adequate volume of goods and services to cover import needs during a year. It is calculated in percentage terms as a ratio between the value of exports and imports. At the level of the national economy, the degree of coverage of imports by exports fluctuated between 2000 and 2021. In 2021, it registered a slight decrease compared to 2000, by 3.3%. By category of agri-food products, there are significant increases in the degree of coverage in the case of cereals and decreases in the case of vegetables, as a result of the increase in imports.

Keywords

• competitiveness
• trade balance
• agri-food sector