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Romania’s International Trade evolution analysis

Alexandru Manole, Ana Carp (), Zoica Nicola and Marius Popovici
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Alexandru Manole: „ARTIFEX” University of Bucharest
Zoica Nicola: „ARTIFEX” University of Bucharest
Marius Popovici: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2017, vol. 65, issue 3, 130-139

Abstract: In this paper, the authors proposed a study on the mode in which the foreign trade activity of Romania has evolved. The purpose of this analysis is based on the fact that the balance of the foreign trade has a direct effect on the annual (quarterly) value recorded by the Gross Domestic Product, the most significant indicator regarding the evolution of the national economy. Through the net export indicator, that makes sound the balance of the international trade, the activity can determine a decrease of the Gross Domestic Product, when we record a deficit, or an increase, when the balance expresses a surplus. In the case of Romania, which is the object of this study, the balance of the foreign trade has always shown a deficit. To emphasize the mode in which the foreign trade activity has evolved, quantitatively and in value, we have resorted to the analysis per groups of goods and services, and also to the volume of the exchanges realized within the European Union, respectively outside EU-28. Through the data series presented, but especially through graphical representations, we have pursued to realize a suggestive analysis, easily to be identified and appreciated by those interested. The analysis was deepen following the presentation of the quarterly evolution of this activity, for a longer time. This way, we also suggest the seasonal influence of some factors on the foreign trade.

Keywords: import; export; deficit; surplus; indicator (search for similar items in EconPapers)
JEL-codes: F13 F14 F40 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:rsr:supplm:v:65:y:2017:i:3:p:130-139