Romania’s biggest exports of goods and services go to Italy and Austria

Romanian entrepreneurs who are selling their products and services on international markets are registering the biggest sales in Italy and Austria, while making the biggest purchases from Poland, according to a survey remitted to Agerpres on Thursday.
When it comes to exports the official data published by Italy’s Statistics Office show that Romanian companies are 10th in the rankings of European exporters whose goods and services end up on the Italian market. In what concerns Austria, the data show that European Union companies, including those from Romania, were accountable for most of Austria’s imports of good and services (EUR 37.7 bln in total imports of EUR 53.88 bln) registered in January-May this year.
Romanian companies export mostly construction materials, furniture, fruits and vegetables. In Italy the footwear made in Romania is the most sought-after according to an Akcenta survey, while Austria imports metal constructions products from Romania.
On the other hand, Polish exports to Romania have grown, surpassing the level of Polish exports to China volume-wise, a fact that has heightened Polish companies’ interest in Romania as a market for their products. The most popular products imported by Romanian companies from their Polish counterparts are furniture products.
Taking into account the EUR/PLN exchanges between Romanian and Polish entrepreneurs, Akcenta estimates growing interest in transactions made in the Romanian currency too.
The company’s analysts expect an intensification of Romanian trade activities both on the imports and exports side, against the backdrop in which the local market is attractive on account of its vicinity to Balkan states but also of the presence of ports, such as the port of Constanta, that offer access to the Black Sea basin.

Related posts

PM Citu: Government will maintain fiscal stability, implement structural reforms and increase investment resources


Commissioner Cretu, at the presentation conference of the Country Report for Romania: Not all Romanians benefit from economic growth. Poverty remains an important problem for Romania and regional inequalities increase. FinMin Teodorovici: EU officials only feign interest in citizens, everyone for themselves The Country Report presented by the European Commission that includes Romania in the imbalanced states’ category was drafted based on media-provided information and placed in a wrong context, and the European officials often only feign interest in the EU citizens, while seeing to their own interest, Romanian Finance Minister Eugen Teodorovici on Friday told an event organised by the European Commission, on the launch of the Country Report. “Romania was parked in the category of the states with imbalances although only one indicator in the scoreboard related to the analysis exceeds the specific reference criterion, namely the GDP percentage of the net international investment position. Since 2012, the value of this indicator has improved by 19.7pct, up to 47.7pct of GDP in 2017. It is a more than favourable evolution, yet the Commission has chosen to place Romania in the category of the states with imbalances, even if the thresholds associated with this indicator are currently exceeded by 13 EU Member States,” the minister said. According to Teodorovici, out of the 15 countries that are not facing imbalances, none is observing the ceilings specific to all of the indicators in the scoreboard. He added that the officials at the helm of the European Commission are concerned with the citizens’ welfare only at a declarative level. “Speaking of equality at European level, I try to recall or read in fact on my papers what the European Commission President Jean-Claude Juncker was saying in his speech on the state of the country in 2017: ‘I will not accept that food of lower quality be sold in certain parts of Europe than in other countries, although the packaging and branding are identical. We must offer the national authorities increased competencies in order to eliminate any illegal practices.’ What is the outcome today? It is the end of the current EC mandate and these competencies have not been granted. So, in terms of double standard, we are witnessing some positive statements, unaccompanied by regulations, though. The EU only seems concerned with the issue of the food’s double standard,” the Finance minister asserted. Teodorovici highlighted that European Commissioner Corina Cretu, attending the event, is running for the European Parliament which in his opinion, does not make her a representative dialogue partner at EU level. He recommended that the European officials never use in their reports misleading articles from the national media which in his opinion, are totally incorrect and irresponsible. Upon leaving, the minister was asked by the journalists what is it with this anti-European message. “My message is not anti-European, I’m a pro-European person, this is me my entire life, I was also involved in the negotiation concerning Romania’s accession to the EU and in attracting EU funds, and not only. Am I criticising? I’ll criticise anyone who has an unfair approach with regard to Romania, if this is an anti-European message, then so be it. If one calls a spade a spade that doesn’t mean he-she is anti-European. All the small countries should be treated in the same way as the other countries,” Teodorovici stressed.


TBI Bank donates 250,000 lei for the medical needs due to the COVID-19 pandemic