Sursa foto: Corporate Finance Institute
The volume of trade between Germany and Romania dropped 10 percent in 2020 to 29.36 billion euros, shows data released by the Federal Statistical Office (Destatis) and cited by the Romanian - German Chamber of Commerce and Industry (AHK Romania) in a release, according to AGERPRES.
Total exports to Romania last year amounted to 15.8 billion euros (-5.9 pct), and imports stood at 13.5 billion euros, 14.4 percent less than in 2019.
With a bilateral trade volume of 29.36 billion euros in 2020, Romania ranks 19th among Germany s trading partners.
We are confident that the rebound of trade exchanges in the second half of 2020 will continue in 2021 too, but it all depends on the evolution of the pandemic. We are looking at border closure measures, such as that with the Czech Republic, with concern for the movement of goods and for supply chains. Overall, German companies in Romania are looking with great confidence at Romania s economic developme