Newsletter
| 23 February 2011 |
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Exports save Romanian economy Romanian electronic products are the best-selling products for export, replacing car parts, which had held the lead position until 2009, according to Money.ro. Thus, the exports of electronic products, such as sound recording and playing devices, amounted to EUR 6.32 bln, according to figures supplied by the National Institute of Statistics (INS), by the end of November 2010. Cars ranked second, and Dacia is the best-selling brand. The amount made from car exports is EUR 4.27 bln. Turbines, engines and mechanical devices made in Romania brought almost EUR 3 bln, followed by steel, cast iron and fuels. Exports of Romanian clothes, other than knitted and crocheted items, amounted to EUR 1.45 bln. Furniture and lighting ranked seventh, followed by wood and products made of wood. The last positions in the ranking are claimed by rubber and rubber products, at EUR 1.07 bln, and footwear, with EUR 1.05 bln. As a whole, Romania’s total exports in the aforementioned interval amounted to EUR 42.6 bln, which results in a EUR 7.4 bln-trade deficit. As far as imports are concerned, the most popular products were, again, electronics, vats, turbines, engines, as well as fuels and natural gas.
At the same time, the prime-minister Emil Boc’s economic advisor, Andreea Paul Vass, stated, quoted by Mediafax, on Monday evening, that Romania was doing “unexpectedly well” in terms of boosting exports, as export rates rose by 20-35 pc in 2010. “There are all the needed ingredients to feel optimistic that, in the second quarter, Romania’s economy will emerge out of the recession. I believe that Romania is ready, in real terms, to emerge out of the recession on a much healthier economic basis,” Vass argued. According to the latter, Romania is, at last, “beginning to put to use its potential for agriculture and to export the produce”.
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