THE ROMANIAN EXTERNAL TRADE IN SUGAR AND CONFECTIONERY PRODUCTS

Abstract

Trade flows in agricultural products are subject to continuous dynamic. Importers will buy from the markets where products arrive at the best price for the market of destination, and exporters will focus on the markets where the product price is more advantageous. Romania is a net importer of sugar, and the deficit has increased more than three times, in terms of value, between 2002 and 2004. This paper analyzes the evolution of trade flows with sugar and sugar products of Romania, and test their degree of correlation with domestic production, the average wage and exchange rate: Lei/$.