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January 31, 2023

Trade deficit in agri-food products – reduced 3.5 times

Romania’s trade deficit in agri-food products decreased by 3.5 times in the first eight months of this year, to EUR 137.62 M, compared to EUR 485.61 M recorded in the same period of last year, mainly due to the exports of wheat, cigarettes, maize and sunflower seeds, according to the data provided to Agerpres by the Ministry of Agriculture and Rural Development (MADR). Romania exported in the first eight months of this year 6.38 million tonnes of agi-food products, on the rise by 22 percent from the same period in 2012, and the relevant proceeds exceeded EUR 2.93 bln, by 18.6 percent higher than those recorded in the first eight months a year earlier.
From January 1 to August 31, 2013, Romania received almost half of the total value of trade exchanges, EUR 1.42 bln respectively, from the exports of grain and cigarettes alone.
According to the MADR data, the imports of agri-food products from EU and non-EU countries went down by 7.4 percent in the said period, having totaled 3.682 million tonnes, compared to 3.98 million tonnes in the same period of last year. The value of agri-foodstuff imports increased by only 4 percent, from EUR 2.962 bln to EUR 3.076 bln at end-August 2013.
Ranking first in terms of agri-foodstuff imports continues to be fresh and refrigerated pork, with 88,664 tonnes worth EUR 154.53 M, followed by sugar from sugar cane or beet, with 228,611 tonnes worth EUR 122.34 M , and by seeds and other solid residues, with 268,641 tonnes worth EUR 115.06 M.

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