THE IMPACT OF COVID-19 PANDEMIC ON THE ROMANIAN FOREIGN TRADE RESULTS IN THE YEAR 2021

FLEISCHER Wiegand Helmut, Lucian Blaga University of Sibiu

Abstract:
The aim of the paper “The Impact of COVID-19 Pandemic on the Romanian Foreign Trade Results in the Year 2021” is to analyse the Romanian economy in the year 2021 from the prospect of the impact of the COVID-19 pandemic in order to quantify the impact of the health crisis on the economic activity and the volume of foreign trade. We will analyse the evolution of the FOB exports and CIF importants, the evolution of the FOB/CIF results and compare the actual figures with the figures from the previous year without influecences from the Corona pandemic. After that, we will make some recommendation in order to reduce the negative influences for the Romanian economy and to improve the trade result of Romania. In addition, we will present the general trends of economic evolution in the pandemic context and the opportunities that economic actors should take advantage of. The results of this analysis should be of real interest to decision-makers, investors, managers, students, the media, and other users in general.

Keywords: impact of COVID-19 pandemic, economical evolution, GDP, trade result, FOB exports, CIF imports

JEL Classification: F49

Volume: 74, Issue: 2

Pages: 17 - 21

Publication date: September, 2022

DOI: 10.56043/reveco-2022-0012

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/74202fleischer.pdf

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