China’s economy is a bit jittery, it’s facing challenges, and you can see that in the trade data. Romania buys a lot from China, but this time there is a decrease in trade, which is also reflected in the reduction of the trade deficit.

tradePhoto: Mr. Sivabud Veerapaisarn | Dreamstime.com

It’s true, it’s big compared to China: in the first 6 months of this year, the deficit amounted to 2.81 billion euros, but it decreased by 8.4%, according to data sent by the National Institute of Statistics at the request of HotNews.ro

How much did we import and what exactly from the Chinese

The import of products from China for the first six months of the current year amounted to 3.28 billion euros, which is 9.3% less.

We mainly import:

Telephones – 183.3 million euros

Printed circuits – 143.4 million euros

Electric transformers – 97.5 million euros

Information processing machines and their blocks – 95 million euros

Spare parts and accessories for cars, motorcycles, bicycles – 88 million euros

Machines and devices for air conditioning – 71.8 million euros

Gas, liquid or electricity meters, including meters for their verification – 55.6 million euros

Electric motors and generators – 55.5 million euros

Lighting devices (including projectors) – 49 million euros

Faucets and similar items for pipes, boilers, tanks – 47.6 million euros

Wire, cables (including coaxial cables) and other insulated electrical conductors – 39.8 million euros

New pneumatic tires – 37.5 million euros

Integrated schemes – 37.1 million euros

Water heaters – 37 million euros

Seats – 34.8 million euros

Air or vacuum pumps – 33.4 million euros

Electric accumulators – 30.3 million euros

What the Chinese market demands from us

Romania’s exports to China are very small and amount to 471.9 million euros. For the first 6 months of 2022, the amount amounted to 551.2 million euros.

When it comes to what we ship there, we highlight the following products:

Ball, bucket, roller or needle bearings – 49 million euros

Agglomerated boards, panels called “oriented strand board” (OSB) and similar panels – 45.3 million euros

Tables, panels, consoles, desks, cabinets and other supports equipped with several devices for switching, cutting, protecting, connecting, connecting or connecting electric circuits – €32.9 million

Petroleum coke, petroleum bitumen and other petroleum residues – 40.6 million euros

Appliances and devices, even with electric heating – 21.6 million euros

Copper ores and their concentrates – 20.8 million euros

Pipes, tubes and tubular profiles without welding of cast iron or steel – EUR 15.2 million

Photo source: Dreamstime.com