Romania-Germany trade reaches EUR 42.1 bln in 2024 after modest growth
<p>Trade between Romania and Germany reached EUR 42.1 billion in 2024, maintaining Romania’s position as Germany’s 17th-largest trading partner, according to data from the German Federal Statistical Office (Destatis), released by the Romanian-German Chamber of Commerce and Industry (AHK Romania).&nbsp;</p>

<p>The 0.9% increase in total trade volume from 2023 was driven by Romanian exports to Germany, which rose 1.4% to EUR 19.8 billion, and German exports to Romania, which increased 0.6% to EUR 22.4 billion.&nbsp;</p>

<p>Despite maintaining strong trade relations, growth was subdued due to economic headwinds in Germany and the European Union.&nbsp;</p>

<p>“Romania remains among Germany’s top 20 trade partners, a sign of the strong economic ties between the two countries. However, growth has slowed due to economic difficulties in Germany and the EU,” said Sebastian Metz, AHK Romania’s general director.&nbsp;</p>

<p>He emphasized the need to boost competitiveness through lower energy costs, reduced bureaucracy, and increased innovation investments.&nbsp;</p>

<p>AHK Romania welcomed ongoing investments in Romania’s economic infrastructure but urged the government to increase spending on education and research to at least the EU average.&nbsp;</p>

<p>Metz also stressed the importance of diversifying trade partnerships, calling on European policymakers to accelerate international trade agreements to reduce economic dependence on traditional markets.&nbsp;</p>

<p>“Expanding global trade agreements will help counterbalance potential disruptions in established partnerships. The Romanian government should actively support such initiatives at the European level,” he added.</p>

<p><em>andrei@romania-insider.com</em></p>

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