The Perpetuation of the Romanian Trade Balance Deficit

Ion Botescu ()
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Ion Botescu: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 31-37

Abstract: The balance of trade is an indicator that reflects to a representative extent the economic development of a country over a certain period of time. The trade balance deficits in certain product categories for which there is production potential, the perpetuation of the trade balance deficit over the last 30 years and the unfavourable internal and external situation are all concerns for the Romanian government and its citizens. The situation is all the more difficult if we consider that of the eleven former socialist countries that joined the EU, Romania is the only one that has consistently recorded deficits in the annual trade balance of goods and services in the period following the fall of communism. Within this initiative, the goal has been highlighting the negative state characterizing Romania's external trade through its trade balance deficit and the necessity of undertaking adequate measures in this area.

Keywords: trade balance; excedent; deficit; import/export structure; globalization (search for similar items in EconPapers)
JEL-codes: F1 F10 (search for similar items in EconPapers)
Date: 2020
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