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Agriculture: Commercial excess of foodstuff was over 541 million euro in 11 months of 2014
Romania exported foodstuff of about 5 billion euros, in the first 11 months of 2014, which determined the increase of commercial excess by 80% to 541 million euros, according to data supplied by the Ministry of Agriculture and Rural Development. (MADR)
“After the first 11 months of 2014, the commercial excess of Romania’s exchanges of foodstuff grew to 541 million euros, being by 239.9 million euros higher than in 2013 (301.1 million euros). Exports of foodstuff over January-November 2014 amounted to 4.998 billion euros, 7.3% more than in the same period of 2013, while imports amounted to 4.457 billion euros. The latter grew slower (+2.3%) exceeding by 100.1 million euros the value recorded in 2013,” MADR data show.
Deliveries to EU countries grew by 11% from 2.73 billion euros in 2013 to 3.03 billion euros in 2014, while those to third countries grew by 2% to 1.963 billion euros.
According to MADR data, cigarette exports grew by 25.2% of volume and brought additional incomes of 166.7 million euros reaching 637.8 million euros, which means a value increase of 35.4%. On the other hand, the economic performance of wheat deliveries abroad did not reach the value foreseen for 2014.
“Although the volume of expeditions was higher by 277,500 tones, totalling 4.6 million tones (+6.4%), total incomes attracted 889.4 million euros remained practically constant (+0.2%). For sugar, due to the negative evolution of stock exchange quotations, exports 60% higher attracted incomes only 16.4% higher, reported to achievements of the first 11 months of 2013,” MADR informs.
On the other hand, imports grew for tobacco, poultry meat, chocolate and pork meat. The value increase resulting from that was affected by the drop of sugar imports (-63.9 million euros), cigarettes (-25 million euros), milk and sour cream, wheat and mineral water which contain sugar. EU was the main partner for Romania’s foodstuff. In the first 11 months of 2014 foodstuff deliveries to EU had a value share of 60.7%, while purchases from EU member states had a share of 81.2%.