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New Insights into the Trade Relationship between China and Romania

Author

Listed:
  • Sarmiza Pencea

    ()

  • Iulia Monica Oehler-ªincai

    () ("Dimitrie Cantemir" Christian University)

Abstract

The main objective of the present paper is to identify the most relevant features and developments of the trade in goods between Romania and China between 2000 and 2012, drawing upon the statistical data provided by the Romanian Ministry of Economy and the National Institute of Statistics. The result of our analysis shows that, although the Romanian and Chinese economies reveal complementarities able to generate considerable opportunities for trade, the bilateral trade relations could not be developed yet to their full potential. The Chinese-Romanian trade in goods kept rising during the last decade, reaching a record high in 2011 in spite of the economic crisis, but its overall level remains low. Exports and imports are still unbalanced and goods are often channeled through intermediary countries because direct connections between Romanian and Chinese companies are still poor. Also, the trade structure had an unfavorable evolution from Romania’s standpoint. Nevertheless, the outlook is encouraging, considering the new opportunities created by the Chinese leadership decisions to more intensely foster and stimulate economic cooperation with Central and Eastern European countries in future years.

Suggested Citation

  • Sarmiza Pencea & Iulia Monica Oehler-ªincai, 2013. "New Insights into the Trade Relationship between China and Romania," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 102-106, September.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:102-106
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    Citations

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    Cited by:

    1. Sarmiza Pencea & Iulia Monica Oehler-Şincai, 2015. "Romania, Strategic Partner in China-CEE Relations," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(1), pages 44-55, May.

    More about this item

    Keywords

    Trade; China; EU-27; Romania; China-Romania;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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