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Romanian Foreign Trade With The European Union-Dinamics And Trends

Author

Listed:
  • Marioara IORDAN

    (Institute for Economic Forecasting, Bucharest, Romania)

  • Mihaela-Nona CHILIAN

    (Institute for Economic Forecasting, Bucharest, Romania)

Abstract

The paper presents briefly the evolutions in world trade and Romanian foreign trade, especially with the EU. A significant increase in exports, but also in imports was recorded over the interval 2000-2011, accompanied by major structural changes: decline in the shares of low value added and labor intensive products and advance of the more technologically advanced products. However, Romania's trade balance with the EU and most countries in this region remained negative, similar to other new Member States, which generally import more from than export to the EU. Years 2009-2011 marked a sharp drop and a relative stabilization of the trade deficit with the EU, due to significant reduction in exports, but especially in imports, and to the adjustments induced by the crisis after 2008.

Suggested Citation

  • Marioara IORDAN & Mihaela-Nona CHILIAN, 2012. "Romanian Foreign Trade With The European Union-Dinamics And Trends," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 44-51, December.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:44-51
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    References listed on IDEAS

    as
    1. Lionel Fontagné & Michaël Freudenberg, 1997. "Intra-Industry Trade: Methodological Issues Reconsidered," Working Papers 1997-01, CEPII research center.
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    Cited by:

    1. Cecilia Irina Rabontu & Ana Gabriela Babucea, 2014. "Changes In Structure Of Romania'S International Trade," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 45-51, April.

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