Romania's trade deficit in agri-food products down by almost 40pct Jan-Sep 2021

Romania posted a trade deficit in agri-food products of 758.6 million euros January through September 2021, down by almost 40pct compared to the same period in 2020, according to data centralized by Ministry of Agriculture and Rural Development (MADR), presented at the request of AGERPRES.

Between January and September 2020, the deficit exceeded 1.245 billion euros.

Data from the Ministry of Agriculture show that exports increased by 26pct, amounting to 6.57 billion euros, while the advance of imports was lower, by only 13.5pct, to 7.33 billion euros.

The only years in which Romania ended by recording a surplus in the trade with agri-food products were 2013 and 2014, with an increase of 300 million euros and 500 million euros, respectively, while last year there was a deficit recorded of over two billion in this sector.

MADR mentions that the data provided are provisional according to the Statistical Bulletin of International Trade, published by the National Institute of Statistics (INS).