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In 2018, Romania was the third biggest agricultural producer of the EU and produced the largest amount of maize. [3] Agriculture summed up about 4.3% of GDP in 2019, down from 12.6% in 2004. [4] As of 2017, 25.8% of the Romanian workforce is employed in agriculture, compared to an EU average of 4.4%. [5]
Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes. [5] 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.
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.
Amid a host of lawsuits by foreign productions looking to recoup money from Romania’s beleaguered cash rebate system, industry insiders say the situation has reached a crisis point, with one ...
Romania is a country of considerable economic potential: over 10 million hectares of agricultural land, diverse energy sources (coal, oil, natural gas, hydro, nuclear, and wind), a substantial, if aging, manufacturing base and opportunities for expanded development in tourism on the Black Sea and in the mountains.
Agricultural buildings in Romania (2 P) F. Forestry in Romania (3 C, 6 P) O. Agricultural organizations based in Romania (2 C, 2 P) R. Romanian agrarianists (8 C, 7 P)
Despite having mineral resources and a state interventionist policy, Romania was not able to change the agricultural character of its economy into an industrial one. [1] 80% of its population was employed in labor-intensive agriculture, which made up 64% of Romania's exports, while only 2% of its exports consisted of manufactured goods. [1]
In 2013, the Romanian automotive industry ranks fourth in Central and Eastern Europe, behind that of the Czech Republic, Slovakia, and Poland, with a total car production of 410,997 units. In Romania are produced a wide range of automobiles, minivans, sport utility vehicles, buses, and trucks. In 2007 Romania exported US$3.7 billion worth of ...