The forestry sector is an important sector in Romania. This page provides forecast and historical data, charts, statistics, news and updates for Romania Net Exports. The global financial and economic crisis of 2008 strongly felt in Europe and affected its countries. Table 2: Total Romanian Food and Ag Imports from the United States (2014-18), Sources: Global Trade Atlas; National Institute of Statistics. The limited range of local valuable species and poor processing opportunities stimulate imports. BUCHAREST (Romania), April 10 (SeeNews) - Romania has suspended exports of cereals and some food products to non-EU countries as of April 10 until the end of the state of emergency imposed to limit the spread of the coronavirus disease, an interior ministry ordinance revealed on Friday. Romania's economic growth potential can be further enhanced by staying on … 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. 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%. Romania Economy Overview. The EU transshipments were 55 percent of total U.S. agricultural exports to Bulgaria, at USD 38 million. Romania’s agricultural imports were EUR 4.9 billion, 2.6% higher than in 2013. Romania's main imports and exports are electrical machinery, motor vehicles & parts and industrial machinery. Though Romania food exports fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 10.3 % in 2019. Germany, Hungary, Poland, and Bulgaria were Romania’s major trading partners in 2018. 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. In 2018, U.S. shipments accounted for nearly 60% of almond imports and 11% of walnut imports. 8436 was $5,141.83K . Letter from the Editor: Should news be free? 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). 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. Romania incurred an overall -$19.7 billion trade deficit during 2019, up 7.9% from the -$18.2 billion in red ink one year earlier. Romania services export is 27,435,179,461 in BoP, current US$ and services import is 17,173,097,639 in Bop, current US$.Romania exports of goods and services as percentage of GDP is 41.64% and imports of goods and services as percentage of GDP is 44.85%. Romania's economic growth potential can be further enhanced by staying on … Two Americans get stuck in Romania during the COVID-19 lockdown: We believe Romania is a hidden gem! Romania Economic Growth The economy is expected to contract at the sharpest pace in over a decade this year before rebounding strongly in 2021. 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). Romania's main imports and exports are electrical machinery, motor vehicles & parts and industrial machinery. U.S. goods flow either directly into Romania - mainly bulk and intermediate (direct exports) - or are transshipped through the main EU trade gates, such as the Netherlands, Italy, Germany, and the United Kingdom (indirect exports). Romania has one tractor for every 54 acres of land, while the average for the European Union … Romania is consolidating its position in the European Union in terms of grains and oilseeds production. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes. The breadbasket of Romania is Walachia, which provides half the annual grain harvest and roughly half the fruit and grapes. These offer opportunities for silos, agricultural machinery, irrigation equipment, greenhouses, and agricultural inputs such as fertilizers and feed supplements. Romania exports for 2018 was $100.48B, a 14.46% increase from 2017. 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 … 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. Who is AUR, the anti-system movement that has become the new force in Romanian politics? Email him for story ideas and interviews at [email protected]. While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs. Truck farming, especially in the Ilfov Agricultural District surrounding Bucharest, is also important. Despite the fertility of Walachia's soil, yields fluctuate considerably from year to year because of recurre… In 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. Romania’s main industrial exports to the EU-15 were textiles, machinery, footwear and steel products. 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. PCI measures the knowledge … POPULATION & ECONOMY 3. Dairy products are also an important component of Romanian agriculture, as are wool, eggs, and honey. Opportunities for additional U.S. exports: Foreign Safeguard Activity Involving U.S. Exports, Romania - Political and Economic Environment, Romania - Using an Agent to Sell US Products and Services, Romania - Distribution and Sales Channels, Romania - Trade Promotion and Advertising, Romania - Protecting Intellectual Property, Romania - Principle Business Associations, Romania - Limitations on Selling US Products and Services, Romania - Agricultural Machinery and Equipment, Romania - Information Technology/Cybersecurity, Romania - Import Requirements and Documentation, Romania - Prohibited & Restricted Imports, Romania - Customs Regulations and Contact Information, Romania - Licensing Requirements for Professional Services, Romania - U.S. Banks and Local Correspondent Banks, http://gain.fas.usda.gov/Pages/Default.aspx. The share of agricultural products in total merchandise exports decreased from 8.9% in 1995 to 7.9% in 2019. 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. 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 … 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). Sources. 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. While Europe accounted for half of world agricultural exports in 1995, its share fell to 43% in 2019. 2.8% of the country's GDP is derived from agricultural activity. Other exports include barley, cucumbers, beans, soybean and plums. In 2007, over 200,000 ha offarmland were cultivated organically. PayPal enters in cryptocurrency market and other important events of the month, (P) The British School of Bucharest continues the Scholarship Programme. Germany is the third largest importer, having stepped up purchases to 154.6 KMT (48 KMT). 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. The agricultural trade surplus was EUR 514 million, 58% higher than in 2013 (EUR 325 million). 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. Top 10 Romanian Imports from Germany Germany's exports to Romania … Mechanization of agriculture in the country is still relatively low compared to other European Union countries. The main U.S. commodities exported to Romania in 2018 consisted of protein meals, food preparations, spirits, fruits and nuts, and seafood. Data Source: World … In 2018, soybean imports rose by 83%, reaching $110 million (Table 6). 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. The numerous fiscal measures adopted by the Romanian Government were reflected in an increase in disposable income at the consumer level. The country has an agricultural capacity of about 14.7 million acres, and only 10 million are arable. Romania exported almost 5 million tons of wheat, worth EUR 959 million, 3.7 million tons of corn, worth EUR 755 million, and cigarettes worth EUR 699 million. In Romania agriculture employs most rural inhabitants, and most farms are under 5 hectares. 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: Downloadable! Strengthening foreign demand, particularly from German industry, is expected to bolster domestic production and ramp up exports. KEY DATA 2. in heading no. The United States is a significant whiskey supplier to Romania with a share of 14% in 2018. However, according to Romanian Customs data, which reflect both direct and indirect shipments, Romania sourced upwards of $181 million of food and agriculture … Romania almost doubled exports to Belgium in the 2016/17 season (433 KMT against 233 KMT in the 2015/16 season). The international dimension is part and parcel of the common agricultural policy (CAP), as maintaining a healthy balance of imports and exports is key to safeguarding internal market stability. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. U.S. fish and seafood exports to Romania reached $2.2 million in 2018, a 7% increase compared to 2017. The country’s largest exports were wheat, corn, and cigarettes. In 2019, food exports for Romania was 10.3 %. Exports continue to account for 90 percent of the value of Romania’s organic Of that land, about two-thirds are suitable for farming. Romania - Agricultural raw materials exports (% of merchandise exports) World Data Atlas. All but the most rugged mountainous regions sustain some form of agricultural activity. Includes a market overview and trade data. 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. In 2018, U.S. agri-food direct exports expanded by 37% over 2017, while indirect exports rose by 4%. Romania also exported 23% more walnuts and got EUR 60.4 million, 56% more than in 2013. Nearly one quarter (23%) of Romanians are employed in agricultural-related activities, compared to the 4.9% EU member average. During the first half of the 20th century, farmlands were reallocated to peasant farmers from larger landowners. Canada can chalk up our excellent performance to numerous factors, but our historical relationships, well-established The decrease is the result of the fact that trade in non-agricultural products has increased more sharply during this period. 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. FINANCIAL ASPECTS 4. Table 3 – Tree Nuts imports, Romania, 2014-2018, Total tree nuts imports from the United States, Source: Global Trade Atlas; National Institute of Statistics. Romania’s share in total EU planted area rose to 9% in 2018 while the share in the EU’s harvested production stagnated at about 5% due to low yields. Exports of Agricultural Products in India averaged 84.65 INR Billion from 1991 until 2020, reaching an all time high of 284.83 INR Billion in March of 2019 and a record low of 4.95 INR Billion in October of 1991. 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 … He enjoys foraging in the woods and long walks on the hills and valleys around his village. In 2018, U.S. agri-food exports to Romania continued their upwards trend, reaching a new peak. 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’s largest exports were wheat, corn, and cigarettes. 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,). Romania announced an export ban on certain cereals as part of new measures to cope with the coronavirus outbreak, national media reported. Net Exports for Romania from National Institute of Statistics for the National Accounts release. Romania: Grains and Feeds Update Rapeseed exports increased by EUR 146 million compared to 2013, to EUR 338 million. In 2018, U.S. agri-food exports to Romania continued their upwards trend, reaching a new peak. In terms of imports, 75% come from EU Member States (Germany 20%, Italy 9% and Hungary 7%), while outside the EU 5% come from China and 4% from Turkey. As a result, grain exports are estimated to grow by 14%, mainly due to wheat and corn crops. World Development Indicators (WDI) 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. 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%). Other types of land occupy 11% of the total area of the country (waters, ponds, lakes, yards and buildings, means of communication, etc). 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). According to the National Statistics Institute, in 2006 991,000 ha of sun-flower and 191,000 ha of soybean were cultivated. (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. Conversely, volumes rose by 5% in 2018, largely due to walnuts. Retail products are becoming more widely available, and local consumption has increased. Other significant exports were sunflower seeds and oil, rapeseeds, barley, live sheep and goats, chicken meat, and live cattle. Romania in the EU European Parliament 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. Exports to the Netherlands increased as much (290 KMT against 143 KMT). This further translated into higher consumer demand, so food retail sales rose by 6.5% in 2018 versus 2017. Nearly 90% of imported soybeans and soybean meal originates from soybean producers in South America and the United States. According to U.S. Census Bureau’s (BICO) data, in 2018 U.S. food and agricultural exports to Romania reached $108.9 million. Romania exports of Machinery; for agricultural, horticultural or forestry use and n.e.s. This is a best prospect industry sector for this country. 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. Romania - Exports (billions of Euros) Following a record GDP drop in Q2, available data points to a gradual recovery in Q3. Exports to Romania in Germany decreased to 1299348 EUR THO in August from 1332772 EUR THO in July of 2020. The UAE purchased a record 132 KMT of Romanian rapeseed (26 KMT). Meat, edible fruits, protein meals, and dairy were the major food-product import categories in 2018, while exports consisted of grains, oilseeds, live animals, and fats. Romanian grain production is forecast to grow by 1 percent in marketing year (MY) 2019/20 mainly due to area expansion. Questions from our readers: I am a US citizen, can I enter Romania? Romania’s wheat, corn and barley exports up by 20%. In 2018, fish and seafood imports increased by 15% in value and by 4% in volume compared to the previous year (Table 5). 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. Romania exports for 2016 was $77.63B, a 6.39% increase from 2015. Meat, edible fruits, protein meals, and dairy were the major food-product import categories in 2018, while exports consisted of grains, oilseeds, live animals, and fats. The European Union is Romania’s largest agricultural trade partner standing for 61% of the total exports and 81.4% of the imports. Top 10 Romanian Imports from Germany Germany's exports to Romania … 62% of the land area is used for agriculture, followed by forests and other land with forest vegetation (27%). Romanian consumers remain prone to brands from the mainstream segment, which cover about 80% of the market. 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 … In general, around 80% of imported agricultural goods originate from the EU. The 3% increase in walnut exports could not entirely offset the drop of 5% in almonds, which have a larger share. This southeastern European country exports most of its goods to its European Union partners Germany, Italy, France, United Kingdom, and to neighbor Hungary. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. Domestic soybean production covers only a third of the livestock demand. Easy access to the Central Europe highway system and the Black Sea and Mediterranean Sea ensures an … 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. World Bank. 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. The land itself is Romania's most valuable natural resource. 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. However, the rise of communism in the mid-20th century resulted in collective agriculture, followed by que… The direct and indirect contributions to the wood industry for the economy reaches about 3.5 percent of GDP annually. Agriculture in the country contributes about 8.1% of the GDP. In 2005, potato imports totalled more than 140 000 tonnes, while exports amounted to less than 5 000 tonnes. Import-export activities carried out in Romania can generally be developed by local and foreign businesses without any special measures of supervision or control. 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. 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