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Romania again in deficit – 1.9 million euro – in the commerce with food, after the first four months

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Romania re-entered on deficit – 1.9 million euro – in the commerce with food, after the first four months of 2014, as in Q1 there was an excess of 9.4 million euro, a plus kept for seven months in a row.

After the first four months of 2014, the commercial balance showed deficit of 1.9 million euro droping by 99.5% against the value recorded in the corresponding period of 2013, when the negative balance reached the level of 362.8 million euro. As exports increased by 22.8% and imports diminished by 5.5%, thus determining the reduction of the deficit with 360.9 million euro against the same period of 2013, the fact that the balance went on deficit again after seven months can be explained mainly by the weak performance of the fluxes of February 2014 namely exports of 308.2 million euro in April 2014 against 358.7 million euro in April 2013 and comparatively with 453.4 million euro in February 2014’ according to the data supplied by MADR.



Between January and April, Romania’s exports of food were worth 1.478 billion euro, up by 22.8% against the similar period of 2013, and the imports were 1.479 billion euro, dropping by 5.5% as compared to a similar period of last year.



The minister of agriculture, Daniel Constantin is optimistic that 2014 will finalise on the plus as regards the commercial balance with food of Romania, similarly to 2013 even if imports have surpassed exports.



The European Union was the main partner in foreign commerce with food of Romania. Thus, in the first four months of 2014, the deliveries to the EU member states had a value share of 62.8% and the intracommunity acquisitions of food had a share of 85.3%.



Romania managed in 2013 for the first time over the last 20 years to record an excess of over 300 million euro in the commerce with food, against a deficit of almost 800 million euro in 2012.



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