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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.
Romanian license plate issued from 2007 European Union stripe, known as a "Euroband". The most common format for vehicle registration plates in Romania consists of black letters on white background in the format CC 12 ABC, where CC is a two letter county code, 12 is a two digit group, and ABC is a three letter group.
An importer is the receiving country in an export from the sending country. [3] Importation and exportation are the defining financial transactions of international trade . [ 4 ] Import is part of the International Trade which involves buying and receiving of goods or services produced in another country. [ 5 ]
Romania has a complex, high-income market economy, the 45th largest in the world by total nominal GDP and the 36th largest based on purchasing power parity. [1] The country is a regional leader in multiple fields, such as IT and motor vehicle production. [2] [3] In 2016, Romania was the 46th largest exporter of goods in the world. [4]
The effect of the cuts in imports in Romania, a net importer of food from the West, was however not correctly estimated by the foreign analysts and it led to food shortages. [5] Romania's record - having all of its debts to commercial banks paid off in full - has not been matched by any other heavily-indebted country in the world. [6]
"Ulei și Apă" (Oil and Water) is a single by Romanian hip hop group B.U.G. Mafia, featuring vocals by Lalla and So.The song has been produced by group member Tataee, mixed by Cristi Dobrică, and was released online as a digital single on July 20, 2016.
Romania is a popular tourist destination, with more than 15.7 million domestic and foreign tourists in 2018. Romania's tourism took a great hit during the 2020 COVID-19 pandemic, with a drop of as much as 68.7% of foreign visitors in 2020, but it's beginning to recover in 2022. [78]
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.