The Impact of Covid-19 Pandemic on Romania’s Trade Balance

Abstract

In the past year the whole world was affected by the Covid-19 pandemic, Romania was not excepted from that, the economy changed after being impacted by Covid-19 pandemic. Although the impact was visible in small business most and in the sanitary domain, Romania having a major sanitary crisis, the impact also affected the trade balance and enlarged the trade deficit even more. This paper plans to analyse the changes from before the pandemic and after, by observing the commercial balance fluctuations from 2010 until March 2021, with the latest data available.

Keywords

• import
• export
• commercial balance
• trade balance