Statistical Methods and Techniques Used in the Analysis of Romania’s Foreign Trade in Agricultural Products with Developing Countries

Abstract

Romania's foreign trade accounted for and in the future will also be an important activity of the national economy with a significant influence on the development, growth and modernization of both production and services and economic efficiency and increasing revenue in general. In the case of agricultural products, the trade with developing countries has experienced an upward trend after the accession to the European Union. The export effort of agricultural products in developing countries gradually increased from 1.34 percent in 2007 to 8.79 percent in 2013. In contrast, the penetration rate of agricultural products imports from developing countries decreased by 1.46 percentage points up to 1.72 percent. In this context, the present paper proposes that by using statistical and econometric techniques to test and reveal regularities in the evolution of the two components of the trade balance in agricultural products with developing countries, the extrapolation of the investigated characteristics being performed based on it.