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June 15, 2024
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Economy Romanian News

Romania Earns over EUR 2 Billion from Cereal Export

Romania exported grains and grain products worth more than EUR 2 billion in the first five months of 2022. The value of grain export is 77% higher than in 2021.

According to the centralized statistics of the National Institute of Statistics, Romania exported grains and preparations made from cereals worth EUR 2.155 billion in the first five months of this year, a growth of 77.2% compared to the same period in the previous year.

The greatest exports, EUR 422.4 million, were reported in March. According to the local platform, Economedia, Romania exported cereals and preparations made with grain worth EUR 683.5 million (16.3%) between January and May 2022.

Therefore, despite the effects caused by the war between Ukraine and Russia, Romania has several advantages, being one of the granaries of Europe, Romania’s agriculture could gain a lot from exports. However, this year’s drought caused many losses in this sector. If an effective irrigation plan were to be implemented, Romania would bring much greater profits from agriculture.

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