Considering that March brought a rebound of exports to countries outside the European Union (EU), a strong presence on these markets could help Romania’s economy to bounce back, according to representatives of exporters.
Romania posted the second large monthly increase in exports to non-EU members in March, at 22.8 percent, to some €700 million, according to Eurostat data. This figure makes up more than one quarter of Romania’s total exports in March, worth €2.56 billion, and this dynamics is surpassed only by Bulgaria, whose exports soared 51.3 percent on a monthly basis.
The largest part of the EU’s trade deficit is given by trade with China. Romania ranks 14th in terms of deficit, with over €2.2 bln, which means imports of €2.4 bln and €160 mln worth of exports to China. At this level, Romania’s situation is similar to that of Bulgaria, Slovenia, Greece, Portugal, and Luxemburg, but far behind the Czech Republic, Hungary, and Poland, which obtained €500-900 mln from exports to China
