EVOLUTION OF THE ROMANIAN EXPORTS AND IMPORTS IN THE CONTEXT OF THE EUROPEAN INTEGRATION

The adhesion to the European Union in January 2007 induced significant changes in the Romania's foreign trade. In the new circumstances, the Romanian firms have to face an increased competition, but they could also fructify the opportunities of the European single market. Other changes could occur in the next years, when Romania is expected to adhere to the Eurozone. This paper explores the Romanian exports and imports evolution, in relation with the changes generated by the European integration. Such an analysis is quite complex due to the relatively short period of time passed since the adhesion to the European Union. Moreover, the global crisis affected substantially both the exports and the imports. We search for the major structural transformation in the Romanian foreign trade by time series analysis.