Beyond the global analysis of Romania's foreign trade, particularly relevant is studying the structure of export and import

that highlight quantitative and qualitative change produced in the national economy under the impact of trade policy mix pursued by the Government. It is known that, structurally speaking, Romanian foreign trade is characterized both by this labor-intensive activities (cheap labor in Romania, our country creates a comparative advantage for products such as the light industries, the woodworking and footwear) and by capital-intensive activities (as a result of continuation of specific elements of socialist industrial structure). In addition, energy intensity is a typical feature of all products produced by the Romanian economy. Analysis of the dynamics of imports and exports by product highlight some important changes: -Export concentration on a relatively small number of product groups, generally with more added value. Four of these sections hold 81.3% of total exports in 2003; it is light industry products (34.8%), industry products, machinery (22.4%), metallurgical products (13.0%) and wood products industry (11.1%); - The tendency of structural improvement is supported by increased exports by 8.3 percentage points of anger in the construction industry in Romania's total exports during the analyzed period, from 14.1% in 1996 to 22.4% in 2003. Imports of products in this category also increased but at a slower pace (4.8%), the background of existing capabilities and investments upgrading building new ones. Accumulated between 2001-2002, exports of construction machinery industry amounted to 5.3 billion dollars, which was more than double exports in the same category conducted from 1997 -1998; - Romania manufacture and export an increasing volume of foodstuffs decreased, although possessing a remarkable potential in this area, the share of exports of products in this category in total exports was lower by 5.4% in 2003 compared with 1996. Meanwhile, imports of agricultural products occupy a greater share of 4.1% in total imports in 2003. This trend, along with the growing decline in the purchasing power of population, is seen by the fact that Romanians consume significantly less quantity of agricultural products (but which come in an increasing proportion of high import), potential the country's agribusiness is realized in a reduced extent. In part due to real needs internal cyclical situation created in part because imports have focused on the period 2002 2003 on products such as meat and meat products, milk, butter, cheese, wheat flour, soy beans, sunflower oil, sugar and other such products not only with a good representation at the level of our industry, but that Romania has traditionally exported; - As a consequence of restricting the activities of some industrial and agricultural sectors by accelerating the restructuring process and waiving some of the oil refining capacities deemed ineffective and obsolete, fuel consumption from the local petrochemical industry have decreased (as exports), which was reflected in the tendency of substantially reducing imports of mineral products. Their share in total imports declined from 23.5% in 1998 re no more than 12.4% in 2003 (1l, 1 percentage points); - Share of exports of chemical products decreased parallel with its increase in imports (1.4%). Therefore the Romanian chemical industry, which has undergone profound restructuring in this period, is far from being achieved and the potential effectiveness of another time, this is becoming less foreign markets.

- Light industry products a significant increase (+6.5 percentage points) in terms of prominence in total exports. Unfortunately, this positive dynamic is to support the expansion and intensification of production in Lohn system with very low gross value added. At the same time, same tend to be amended by recording an increase almost as important in regard to imports of products of light industry (4.4 percentage points), including items second hand. It is estimated that Romanian light industry exports actually living labor (production outsourcing) instead of finished products made on the basis of materials supplied by local branches and related sub-branches; - Exports of wood products, although I know a shy trend of improvement, in terms of quality deteriorates as a consequence of reducing the share of exports of furniture and wood growth of GDP, with negative consequences on the profitability of domestic furniture manufacturers. Meanwhile, imports of wood products increased by 1.5 percentage points; -Share of exports of metallurgical products fell, but available statistics suggest a qualitative deterioration in this chapter, by increasing the value of exports of ferrous scrap and waste, amid increasing share of imports of steel products with high processing 1.4 percentage points in 2003 compared to 1996; - External trade of stone items, cement and glass was in decline by reducing the share of exports corresponding to 0.5 percentage points amid almost identical increase in the share of imports in total imports of these articles (0.4%); Overall, it is estimated that exports were partially replaced with higher gross added value, with exports of products characterized by lower gross added value, increasing exports to the rest of the workforce (CMT) and the raw materials that raw wood, ferrous scrap and waste. As regards the geographical orientation of foreign trade activity, statistical analysis showed that exports and imports are developed mostly with European countries (85.5% and 84.7%). The European Union is the main partner, accounting for 65.5% of export, import 55.4% respectively. Trade in other areas is appropriately lower.