The myth of “we don’t produce anything anymore”. How Romania’s exports have evolved in the 30 years since the fall of communism

2023-07-13 05:53:00

The value of exports of goods from Romania increased 26 times from 1991 to the present. According to the data of the National Institute of Statistics, one year after the fall of communism, we were exporting products worth 3.5 billion euros.

Shipping containers for freight Photo: Shutterstock

Over the years, Romania has registered an exponential growth in exports, except for some difficult periods such as the economic crisis of 2008 and the crisis caused by the pandemic. These events affected the global economy and reduced the growth rate of Romanian exports, but did not cancel the overall progress.

After more than 30 years since the Ceausist era, which some Romanians still look at with nostalgia, ignoring the real data and facts, Romania ended up exporting goods worth almost 92 billion euros in 2022.

Among Romania’s most important trade partners are Germany, Italy, Hungary and France. These countries were the main destinations for Romanian exports, and in 2022, the value of exports to these countries reached 39 billion euros.

The constant increase in the value of exports in Romania shows the efforts made by Romanian companies in the development of products, as well as in the expansion of sales markets. The most exported products are cars, appliances, but also automobiles.

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