SOME OF KEY GOODS FOR SUSTAINABLE IMPORTS OF TURKEY FROM ROMANIA

Aydin Sari and Catalin Popescu
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Aydin Sari: DEPARTMENT OF ECONOMICS, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, PAMUKKALE UNIVERSITY, DENIZLI 20070, TURKEY

Annals - Economy Series, 2017, vol. 4, 43-48

Abstract: The relationships between Turkey and Romania improve greatly every year. Turkey’s import is about 200 billion USD and it is the biggest partner of EU. The trade between Europe and Turkey is rising every year about 10%. Therefore the import rate has to increase more between the two countries. Some main products imported from Romania are Vehicles, Iron or steel products, Oil Electronic equipment, Perfumes, cosmetic and Rubber. However Romania has a big potential of export to Turkey. For example Romania has produced medical and pharmaceutical products, construction paints and plastic products. These products are imported more often from Turkey. Turkey balances between import and export but every year export increases. Consequently, the rate of export is more rapid than that of import. We analyze the trade between Turkey and Romania by tables and charts; we propose that Turkey improves import from Romania per year at almost 15%. When transportation is getting better, the diversity of goods imported from Romania rises. We obtain that Romania has big fortunate to become a big trade partner of Turkey. Because Romania industry is enough to manufacture the goods whatever required from Turkey.

Keywords: Logistics; Romania; Export; Import; Turkey; Black Sea (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2017:v:4:p:43-48

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