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February 3, 2023

Agro-food exports reach EUR 3.27 bln after 8 months

Romania is registering a trade surplus after the first eight months of the year, the exports of agro-food products totaling EUR 3.27 bln, up by 11.4 per cent compared to the same period last year, Deputy Prime Minister and Agriculture Minister Daniel Constantin stated on Wednesday for Agerpres.
“The agro-food products’ trade balance will be positive this year too because at the end of August we had already registered a trade surplus. Compared to last year, when we had a trade deficit of EUR 137 M after eight months, this year we have a trade surplus of EUR 140.6 M. While we finished last year with a surplus of approximately EUR 50 M, this year we have recovered almost EUR 300 M during this period and I believe we will have a much higher sum at the end of this year. It’s important that this will be the second consecutive year with trade surplus,” Daniel Constantin emphasized.
The head of the Agriculture and Rural Development Ministry (MADR) added that agro-food exports rose by 11.4 per cent in the first eight months of this year, totaling EUR 3.274 bln.
“Apart from the fact that we are registering a surplus, exports have reached EUR 3.274 bln in the first eight months, compared to EUR 2.938 bln during the same period last year, which shows a growth of 11.4 per cent. Wheat, corn, cigarettes and rape seed continue to be the top exports,” the Agriculture Minister pointed out.
In his opinion, Constanta port has become the most important port in Europe, surpassing France’s Rouen, considering that cereal grain exports will surpass 15.3 million tons.
“The port of Constanta is the first port in Europe from the point of view of trade in cereal grains, surpassing France’s Rouen this year, a port that has topped the trade in cereal grains for years. This year the port of Constanta is registering a 30 per cent hike year-on-year and it seems that by the end of the year what was called a record level in 2013, namely that quantity of 15.3 million tons of cereal grains, will be surpassed. And here we are talking about productions exported not solely from Romania but also from the region, from Hungary, Serbia,” Daniel Constantin added.
In 2013 Romania registered for the first time in 20 years a surplus of over EUR 300 M in its trade with agro-food products, compared to a deficit of almost EUR 800 M the year before.

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