![]() | This article needs to be updated.(September 2018) |
International trade | ||
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Exports | US $85.0 billion f.o.b. (2018) | |
Imports | US $103.0 billion f.o.b. (2007) | |
Current account | ![]() | |
Export partners | Italy 20.4%, Germany 17%, France 14% (2007) | |
Import partners | Italy 23.4%, Germany 16%, France 12% (2007) | |
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World trade |
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In 2012, Romania's largest trading partner was Germany, followed by Italy. Romania's main exports to Germany were insulated wire, cars and vehicle parts, whereas its main German imports are cars and vehicle parts. The principal Italian imports to Romania include hides, footwear parts, medicaments, telephones and vehicle parts. Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes.
2.8% of the country's GDP is derived from agricultural activity. While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs. Food must be regulated for sale in the retail market, therefore Romania imports almost no food products from other countries. In 2006 Romania imported food products worth €2.4 billion, up almost 20% versus 2005, when imports were worth slightly more than €2 billion. The EU is Romania's main trade partner in agri-food products. Romanian EU exports represent 64%, and imports from EU countries represent 54%. Other important partners are the CEFTA countries, Turkey, Republic of Moldova and the USA.[1]
Romania is an important exporter of military equipment, accounting for 3-4% of the world total in 2007.[citation needed] EU members are represented by a single official at the World Trade Organization.