Half-billion Euro surplus after ten months of 2014 in trade with agricultural products

Romania's trade surplus of agricultural products registered 496.5 million Euro in the first ten months of 2014, up 314.5 million Euro compared to the same period of 2013, when it amounted to 182.0 million Euro, according a press release by the Ministry of Agriculture and Rural Development (MADR)

2015-02-06 22:30:36 - From the Print Edition

In January-October 2014, exports of agricultural products amounted to 4.488 billion Euro, 397 million Euro more than in the same period of 2013 (+ 9.7 per cent), while imports totalled 3.992 billion Euro, rising slightly (+ 2.1 per cent) and exceeding by 82.5 million Euro the value recorded in the first ten months of 2013. Wheat, cigarettes, corn and sunflower seeds, four products with the largest share in total exports, contributed to more than half of revenues collected.
The record level of the trade surplus was largely due to exports of cigarettes and rapeseed, which, compared to the same period of the previous year, generated respective revenues of 143.6 million and 143.4 million Euro more. Increased proceeds were also obtained mainly by wheat (+66.7 million Euro), corn (+67.3 million Euro), livestock of sheep and goats (+28.9 million Euro) and nuts (+19.8 million Euro). Compared to the first ten months of 2013, exports decreased in terms of sunflower seeds and oil, to 100.9 million Euro and 21.3 million Euro respectively, as well as for the poultry meat (-15.1 million Euro). In addition, the increase of imports for a number of products (raw tobacco +29.3 million Euro, poultry meat +23.9 million Euro) was partially offset by lower purchases of sugar (-56.6 million Euro), cigarettes (-22.2 million Euro), corn (-14.3 million Euro) and wheat (-10.2 million Euro).