The Romania-Brazil Trade Relationship under the Threat of the Coronavirus Pandemic and the War in Ukraine

Abstract

Abstract The year 2020 began with a health crisis, asserted in the same year, as the coronavirus pandemic. In this sense, world governments have taken measures to protect their national economies, measures such as limiting exports or social distancing. In 2022, the economy showed signs of recovery, when in February, war broke out between Ukraine and Russia. Thus, the two events negatively impacted world trade. In this paper, the aim is to point out the impact of the health, economic and war crisis on Romania-Brazil commercial relations, in the period 2019–2023, on Brazilian investments in Romania and on Romanian investments in Brazil. Romania is part of the European Union, being also a military, humanitarian and economic support for Ukrainians. Otherwise, Brazil is part of a totally different political structure, being a partner and ally of Russia. A descriptive research will be carried out on Romania-Brazil trade, in the period 2019–2023, based on the information on the Comexstat platform. In order to identify Brazilian investments in Romania, the research will be carried out conformable of the information provided by the National Trade Registry Office, and the research on Romanian investments in Brazil will be carried out conformable of the information provided by Banco Central do Brasil. The year 2023 represents the best economic year for trade between Romania and Brazil from the period 2019–2023, as commercial exchanges increased by 16% in 2023, compared to 2019. Regarding Brazilian investments in Romania, they are increasing, but Romanian investments in Brazil are decreasing. This work is innovative, because it sheds light on the commercial relationship between two countries with a similar culture, during a period of crisis, countries that are located in two different political and ideological blocs.