Romania’s foreign trade balance with food goods moved in the surplus area

  Romania's farming sector experienced a favourable year in 2010-11 and this helped the country record foreign trade surplus in H2 for the overall food and beverages sector [that also includes tobacco products]. The surplus was partly seasonal, but the trade gap is also visibly shrinking on a medium term perspective. The net grain exports benefit of high prices on foreign markets and the imports of processed food diminish on weak domestic demand. The substitution of imports with domestic...

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