Another 7% estimate exports will drop by more than 50% in March compared with March 2019.
Just 10% of exporters polled estimated growth for March.
Exporters polled accounted for 62% of Romania’s exports in March 2019.
The main reasons for expected contractions are reduced production capacity (16.6%), transport problems (22.4%), temporary export bans (16.5%), lack of imported raw materials (14.1%) and canceled contracts (9.1%).
On the import side, 35% of importers polled expect their business will drop by as much as 25% on the year in March, while 11% see a drop of 25% to 50%.
For 6% of respondent, import activities dropped by more than 50% in March.
Around 15% of respondents estimate imports grew in March.
Exporters polled accounted for around 60% of the country’s imports in March 2019.
The main reasons for expected drops in import activity were lower production (20.8%), transport problems (29.0%), temporary bans on certain imports (20.4%) and canceled contracts (8.4%).