Asymmetries of Romania's Foreign Trade. Descriptive Analysis for 2012-2022

Abstract

This study analyses Romania's foreign trade dynamics from 2012 to 2024, focusing on export-import trends, trade balance, and the impact of EU integration as major indicators for assessing the country's economic competitiveness and integration into global value chains. It highlights the growth in exports and the persistent trade deficit driven by higher imports, which have an impact on industrial development and competitiveness, and the country's reliance on external markets. The paper suggests the need for strategic policies to promote sustainable growth and balanced trade, ultimately supporting Romania’s economic resilience and convergence with the EU, needed for fostering long-term economic stability.