EU Trade Complexity Analysis. The Case of Romania

From the perspective of trade integration, the real challenge for Romania is not increasing trade with the developed economies of the European Union, but rather that of deepening integration by reducing trade structural divergences. Without a structural modernization of trade, Romanian economy will lose, on medium and long term, some of the European market, thereby increasing the probability of asymmetric shocks in integrated commercial sectors. The objective of this study is to analyze the convergence of trade structure with the EU, in terms of the degree of technology complexity used in the production of goods imported and exported. Thus, I have shown that the new EU member states (including Romania) export largely the same categories of goods as well as developed economies, but also that their trade is based mostly on goods containing medium and high technology.