GDP From Agriculture in Romania averaged 2673.46 RON Million from 1995 until 2020, reaching an all time high of 3378.90 RON Million in the third quarter of 2004 and a record low of 1849.10 RON Million in the first quarter of 2012. According to U.S. Census Bureau’s (BICO) data, in 2018 U.S. food and agricultural exports to Romania reached $108.9 million. The 3% increase in walnut exports could not entirely offset the drop of 5% in almonds, which have a larger share. Romania main exports partners are other European Union members with Germany, Italy and France being the most important. The decrease is the result of the fact that trade in non-agricultural products has increased more sharply during this period. In 2019, food exports for Romania was 10.3 %. In terms of species of U.S. origin, Pacific salmon accounts for a share of 25%, followed by livers and roes (28%), mackerel (10%), lobsters (8%), carp (4%), and hake (3%). Imports account for about a fifth of the market in value terms (Table 4). In 1989 more than 15 million hectares-- almost two-thirds of the country's territory--were devoted to agriculture. The country has an agricultural capacity of about 14.7 million acres, and only 10 million are arable. Romania exports for 2017 was $87.79B, a 13.08% increase from 2016. Business Insider SRL is a carrier of data with personal character, registered in the “Registrul de Evidenta a Prelucrarilor de Date cu Caracter Personal” with the no. The value of organic agricultural production in Romania expanded by over 40% in 2007, reaching USD102 million. Top 10 Romanian Imports from Germany Germany's exports to Romania … Romania’s agricultural exports reached EUR 5.4 billion last year, a 6.1% increase over 2013, according to data presented by the Ministry of Agriculture. In 2005, potato imports totalled more than 140 000 tonnes, while exports amounted to less than 5 000 tonnes. Nearly one quarter (23%) of Romanians are employed in agricultural-related activities, compared to the 4.9% EU member average. Other significant exports were sunflower seeds and oil, rapeseeds, barley, live sheep and goats, chicken meat, and live cattle. Economic growth rebounded in the 2013-17 period, driven by strong industrial exports, excellent agricultural harvests, and, more recently, expansionary fiscal policies in 2016-2017 that nearly quadrupled Bucharest’s annual fiscal deficit, from +0.8% of GDP in 2015 to -3% of GDP in 2016 and an estimated -3.4% in 2017. Agriculture in Romania plays a significant role and employs approximately 29% of the country’s labor force which is one of the highest in Europe. The UAE purchased a record 132 KMT of Romanian rapeseed (26 KMT). There are 3.9 million farm holdings in Romania, the majority of which are family farms of extensive semi-natural grassland pastoral systems and mixed farming systems. The Romanian government has convened an agriculture commission to draft a new law regarding live animal exports, which would make Romania responsible for the state of … Press release: Zip Codes in Romania and worldwide: What Is a Postcode and how to find one? They grew from $149 million in 2017 to nearly $182 million the following year (22% growth), which is a record for the past seven years (Table 2). Nearly 90% of imported soybeans and soybean meal originates from soybean producers in South America and the United States. Retail products are becoming more widely available, and local consumption has increased. agbucharest@fas.usda.govwww.fas.usda.gov (GAIN reports). While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs, due to the fact that food must be regulated for sale in the Romania retail market, and hence imports almost no food products from other countries. EU member states are the major source and destination for local agri-food products. He currently oversees the daily content published on and likes to stay up to date with everything relevant in business, politics, and life in Romania. U.S. tree nut exports to Romania grew from $5.2 million in 2014 to $9.7 million in 2017, but they fell by 5% in 2018 (Table 3). KEY DATA 2. In 2007, a severe drought destroyed over 60% of crops. In 2018, U.S. agri-food exports to Romania continued their upwards trend, reaching a new peak. This page provides forecast and historical data, charts, statistics, news and updates for Romania Net Exports. Includes a market overview and trade data. Romania's economic growth potential can be further enhanced by staying on … Exports continue to account for 90 percent of the value of Romania’s organic BUCHAREST, ROMANIA — As of April 10, the government of Romania has suspended most exports of grains, oilseeds and related products to markets outside of the EU, according to a report from the Foreign Agricultural Service of the US Department of Agriculture. Exports to the Netherlands increased as much (290 KMT against 143 KMT). Though Romania the exports of agricultural products fluctuated substantially in recent years, it tended to increase through 1968 - 2017 period ending at 7.04 million 1000 US$ in 2017. (P) What can business travelers and tourists visit in downtown Bucharest? This is a best prospect industry sector for this country. Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. Romania’s prudent macroeconomic management has enabled a quick recovery from the global financial crisis. Sources: Global Trade Atlas; National Institute of Statistic. Consumer demand for beverages expanded again in 2018. This page includes a chart with historical data for Germany Exports to Romania. Romania's economic growth potential can be further enhanced by staying on … Romania's main imports and exports are electrical machinery, motor vehicles & parts and industrial machinery. ECONOMIC ACCOUNTS 5. Romania in the EU European Parliament Mechanization of agriculture in the country is still relatively low compared to other European Union countries. In general, around 80% of imported agricultural goods originate from the EU. In Romania's main imports and exports are electrical machinery, motor vehicles & parts and industrial machinery. Romania also exported 23% more walnuts and got EUR 60.4 million, 56% more than in 2013. Romania's main exports are agricultural and food products ,wines and alcoholic drinks , wood products, textiles and leather , industrial machinery, electrical and electronic equipment, metallurgic products, cars , software, pharmaceuticals, … During this time the Argentine exports of agricultural products to the world reached a total of over $61.6 billion, 5% over the value in 2017. The country’s largest exports were wheat, corn, and cigarettes. The European Commission has expressed its disapproval of Romania's decision to ban exports of agricultural products, Bloomberg reported quoting an emailed statement from the Commission.. Romania banned the exports of cereals, flour, by-products of grain used in the agriculture or food industry, sugar, vegetable oil and bakery and pastry products during the state of emergency declared in … As a result, in 2018, food imports increased by 7.6% and exports by 5%, so the trade deficit in agriculture grew by 26% (Table 1). Agriculture in the country contributes about 8.1% of the GDP. According to 2018 import data, whiskey is the major category accounting for half of the market, followed by liqueurs with 30% and vodka with 9%. Despite the fertility of Walachia's soil, yields fluctuate considerably from year to year because of recurre… However, according to Romanian Customs data, which reflect both direct and indirect shipments, Romania sourced upwards of $181 million of food and agriculture … Germany, Hungary, Poland, and Bulgaria were Romania’s major trading partners in 2018. In his free time, he studies horticulture and tends to his family’s garden. This further translated into higher consumer demand, so food retail sales rose by 6.5% in 2018 versus 2017. Romanian grain production is forecast to grow by 1 percent in marketing year (MY) 2019/20 mainly due to area expansion. During the first half of the 20th century, farmlands were reallocated to peasant farmers from larger landowners. He joined the team in 2014 as editor and became Editor-in-Chief in 2016. Agriculture plays an integral and unique role in Romania’s economy. BUCHAREST, ROMANIA — As of April 10, the government of Romania has suspended most exports of grains, oilseeds and related products to markets outside of the EU, according to a report from the Foreign Agricultural Service of the US Department of Agriculture. Romania’s agriculture sector. Livestock Romanian Cattle for sale and export With a large agricultural industry, Romania has an approximate total number of cattle of around 200,000 heads. These offer opportunities for silos, agricultural machinery, irrigation equipment, greenhouses, and agricultural inputs such as fertilizers and feed supplements. Romania Economy Overview. Downloadable! In 2018, soybean imports rose by 83%, reaching $110 million (Table 6). Romania was the 47th biggest economy in the world according to the most recent data, ranking 41st in total exports and 38th in total imports. Romania Exports Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Report Name: Romania Reverses Decision to Ban Grain Exports Country: Romania Post: Bucharest Report Category: Agricultural Situation, Agriculture in the Economy, National Plan, Policy and Program Announcements, Grain and Feed, Oilseeds and Products Prepared By: Monica Dobrescu Approved By: Jonn Slette Report Highlights: Import-export activities carried out in Romania can generally be developed by local and foreign businesses without any special measures of supervision or control. the growth of EU exports to Romania continued in 2003, the year also saw a significant growth in Romania’s agricultural exports to the Community which has contributed to a noteworthy reduction in its trade deficit in the sector. Finance minister, the Liberals’ first choice to lead Romania’s new center-right Government, Romania’s PM resigns after his party’s defeat in the parliamentary elections, Romania’s president comments election result: No clear winner. These semi-natural small-scale farmed landscapes are of significant economic importance. Other exports include barley, cucumbers, beans, soybean and plums. In 2018, U.S. agri-food exports to Romania continued their upwards trend, reaching a new peak. Romania exports for 2018 was $100.48B, a 14.46% increase from 2017. Strengthening foreign demand, particularly from German industry, is expected to bolster domestic production and ramp up exports. Romania: Major import sources Encyclopædia Britannica, Inc. By the beginning of the 21st century, traditional Romanian exports such as textiles and clothing accounted for more than one-fifth of exports, followed by metals, electrical equipment, oil, and nonelectrical machinery. The European Commission expressed disapproval at Romania’s decision to ban agriculture exports and said it’s assessing how the move could impact trade within the single market. Romania is a country of considerable economic potential: over 10 million hectares of agricultural land, diverse energy sources (coal, oil, natural gas, hydro, nuclear and wind). The global financial and economic crisis of 2008 strongly felt in Europe and affected its countries. Agriculture and Rural Development Statistical Factsheet CONTENTS Main figures 1. Economic activity picked up in 2013 and is forecasted to reach around 2.8% in 2014, driven by the gradual improvement in the domestic demand, led by the private consumption, and by exports, mainly to the EU. Exports to Romania in Germany averaged 733849.38 EUR THO from 2000 until 2020, reaching an all time high of 1556690 EUR THO in October of 2019 and a record low of 148019 EUR THO in February of 2000. Romania’s European Union - EU membership has given it access to European equipment free of import duties. The highest complexity exports of Romania according to the product complexity index (PCI) are Cermets and articles thereof, waste or scrap (2.21), Electric solder, weld, braze,hot metal spray equipment (1.83), Metal pickling preps, solder, brazing flux, weld cores (1.73), Machines for hot working of glass, light bulbs, etc (1.67), and Rolled stainless steel sheet, width 600mm (1.62). Truck farming, especially in the Ilfov Agricultural District surrounding Bucharest, is also important. In 2018, fish and seafood imports increased by 15% in value and by 4% in volume compared to the previous year (Table 5). Intra-EU trade accounts for 77% of Romania’s exports (Germany 23%, Italy 11% and France 7%), while outside the EU 3% go to Turkey and 2% to the United States. Bulgarian customs data reports that U.S. agricultural exports to Bulgaria in 2018 were USD 69 million compared to 2017 when this trade was at USD 65 million, or an annual growth of 6 percent. Romania - Agricultural raw materials exports (% of merchandise exports) World Data Atlas. Data Source: World … Romania’s principal crops - corn, wheat, and sunflower - account for about 15 million acres of farmland. A center-right coalition is quickly taking shape, Social Democrats win Romania’s parliamentary elections, extremist party gets 9% of the votes - partial results, Pandemic and record low turnout bring extremist party into Romania’s Parliament, Romania parliamentary elections 2020: Exit polls show tight race at the top and surprises at the bottom amid record-low turnout, Press Release: Logitech MX Anywhere 3 - Ultimate performance meets ultimate portability, Press Release: Join a Community Built with You in Mind, Press Release: New joint initiative BRCC & Romania Insider: JOB PORTAL relaunch, Press Release: The British School of Bucharest safety measures taken for on campus learning. Questions from our readers: I am a US citizen, can I enter Romania? All but the most rugged mountainous regions sustain some form of agricultural activity. How to win over, date and keep a Romanian woman. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. Romania Table of Contents Land. As the domestic food industry was not able to cope with the higher demand in the short term, foreign suppliers covered the gap between demand and supply. World Bank. American manufacturers of agricultural equipment and machinery will find demand growing in the Romanian market, and a limited, but growing, number of buyers. In 2018, Romania bought US$97.8 billion worth of imported products up by 25.5% since 2014 and up by 14.6% from 2017 to 2018. The country paid 28% more for raw tobacco (EUR 162.4 million in total), 19% more for chicken meat (EUR 146 million), 16% more for chocolate (EUR 164 million), and 6.5% more for pork (EUR 286 million). In 2018, U.S. agri-food direct exports expanded by 37% over 2017, while indirect exports rose by 4%. Download Historical Data Save as Image. Arable land surface is about 63% of the total agricultural area… Cereal production in 2006 stood at 15.1 million tons, including 5.3 million tons of wheat and 8.6 million tons of maize. In 2018, U.S. shipments accounted for nearly 60% of almond imports and 11% of walnut imports. In the 1990s the livestock sector experienced many of the same declines that crop cultivation did; however, by the early 2000s the trend reversed, and beef exports increased. PayPal enters in cryptocurrency market and other important events of the month, (P) The British School of Bucharest continues the Scholarship Programme. The share of the United States in total soybean imports increased from 11% in 2017 to 40% in 2018 This increase was in response to the restrictive trade regime adopted by China, which made U.S. soybeans more competitive compared to South American ones. Romania has one tractor for every 54 acres of land, while the average for the European Union … THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/27/2012 GAIN Report Number: RO1230 Romania Food and Agricultural Import Regulations and Standards - Narrative FAIRS Country Report Approved By: Michael Henney, Agricultural … However, the rise of communism in the mid-20th century resulted in collective agriculture, followed by que… The government of Romania suspended most exports of grains, oilseeds and related products to markets outside of the Eu, according to a report from the Foreign Agricultural Service of … Romania exports of Machinery; for agricultural, horticultural or forestry use and n.e.s. In 2007, over 200,000 ha offarmland were cultivated organically. 8436 was $5,141.83K . Soybeans remain a minor crop in Romania, despite the generous coupled-support programs allocated by the European Union. The limited range of local valuable species and poor processing opportunities stimulate imports. Though Romania food exports fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 10.3 % in 2019. This development may be attributed on one hand to the uptrading tendency - that is, consumer migration from brands within the economic segment to premium and super-premium brands as a result of a higher disposable income. According to the National Statistics Institute, in 2006 991,000 ha of sun-flower and 191,000 ha of soybean were cultivated. In Romania, the pace of fishery sector development is slow, so imports continue to cover a large share (70-80%) of consumption. Of that land, about two-thirds are suitable for farming. The forestry sector is an important sector in Romania. Domestic soybean production covers only a third of the livestock demand. The United States is a significant whiskey supplier to Romania with a share of 14% in 2018. Romania exports of Tools; knives and cutting blades, for agricultural, horticultural or forestry machines or mechanical appliances was $103.28K and quantity 5,886Kg. Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels). Romania almost doubled exports to Belgium in the 2016/17 season (433 KMT against 233 KMT in the 2015/16 season). In 2007, when Romania joined the EU, the production of barley cereals (barley, wheat, rye and barley in autumn and spring) was of 4 million tonnes , in 2008 almost 9 million tonnes, from 2017 to 2019, every year it exceeded 12 million tons. (P) Investment opportunity: the best land available in Bucharest, 6 ha in the Grozăvești area, suitable for the development of mixed projects, (P) Bitcoin surges past $15,000 to hit its highest level since January 2018. © 2018 City Compass Media and/or its affiliated companies. POPULATION & ECONOMY 3. Other types of land occupy 11% of the total area of the country (waters, ponds, lakes, yards and buildings, means of communication, etc). The agricultural trade surplus was EUR 514 million, 58% higher than in 2013 (EUR 325 million). The EU transshipments were 55 percent of total U.S. agricultural exports to Bulgaria, at USD 38 million. Table 2: Total Romanian Food and Ag Imports from the United States (2014-18), Sources: Global Trade Atlas; National Institute of Statistics. World Development Indicators (WDI) Wheat production subsequently fell to 3 million tons, and prices fell 25%. The export market is the main driver for the wood processing industry, with furniture exports three times larger than furniture imports. Romania: Grains and Feeds Update AGRICULTURAL TRADE 6. Romania exports for 2016 was $77.63B, a 6.39% increase from 2015. The evolution of Romanian imports from the EU market was affected significantly, especially in 2009 and 2010 (due to lower domestic demand of operators and households). As a result, grain exports are estimated to grow by 14%, mainly due to wheat and corn crops. Letter from the Editor: Should news be free? The European Union is Romania’s largest agricultural trade partner standing for 61% of the total exports and 81.4% of the imports. Agriculture is the main land user in the European Union, accounting for more than 47% of the region's total area (Giannakis and Bruggeman, 2015).Romania is the country with the most divided agricultural structure within EU-28, having in 2013 33.49% of the agricultural holdings in the European Union and 7.47% of its agricultural area (Eurostat, 2017a,). All rights reserved. Industrial output fell less steeply in … The U.S., traditionally our largest foreign market, last year accounted for just over 35% of our total agricultural exports, worth C$33.97 billion. Romania - Romania - Agriculture, forestry, and fishing: Agriculture has traditionally been the backbone of the Romanian economy; more than one-third of the land is devoted to cultivation (including vineyards, orchards, and vegetable gardens). Grain exports (wheat, corn, barley) are forecast to increase by 1.4 percent in MY 2019/20 over last year’s 12.9 million metric tons (MMT) record. Romania’s prudent macroeconomic management has enabled a quick recovery from the global financial crisis. Easy access to the Central Europe highway system and the Black Sea and Mediterranean Sea ensures an … Romania is a net exporter of cereals (second-largest exporter in the region for maize) since 1995, in spite of excessive fragmentation of farm structures and inefficiencies in the marketing system. Exports of rapeseeds and walnuts recorded some of the largest increases. In 2018, total grain production rose by 6%, supported by favorable weather conditions over the course of development. Throughout time, agriculture has been important in Romania, as more than 14.7 million hectares (one hectare is about 2.5 acres) of land serve agricultural purposes. The numerous fiscal measures adopted by the Romanian Government were reflected in an increase in disposable income at the consumer level. PCI measures the knowledge … While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs. The main U.S. commodities exported to Romania in 2018 consisted of protein meals, food preparations, spirits, fruits and nuts, and seafood. Romanian exports to the EU account for about 70% of total agri-food exports.
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