The automotive industry in Timis County covers the Romania's foreign trade deficit
Timis county economy achieved after Bucharest, Romania's largest exports. The difference is that West Region has a more healthy economy, with a positive trade balance and not strongly negative, as in the case of Bucharest.
The most amount of money coming in from outside Romania is related to the automotive industry and to car components.
After Bucharest, Timis is the most important exporter in Romania. It is followed by Arges. In Timis the automotive industry covers most of the local economy and thus the success of regional trade. However the number of industries that export is much higher than in other counties. The ICT industry is also very developed in Timis County, the most important brands in ICT being present in the region.
Timis County is the third in Romania in terms of imports. The trade balance of Timis County has a plus of 63 million Euro which shows the strength of the local industry and how much of the production is exported.
17/10/2018 / “Open4Business” Matchmaking Event, 4-6 October 2017, Pécs, Hungary
03/08/2017 / “Match4Industry Business Matching Event”, 6th ed., Matchmaking Event, 2-3 November 2017, Kocaeli, Turkey
31/07/2017 / “EU-China Business & Technology Cooperation Fair”, Conference and Matchmaking Event, October 24th - 31st 2017, Beijing, China
11/07/2017 / “Business Internationalization Forum”, Conference and Matchmaking Event, November 3rd 2017, East Sarajevo, Bosnia and Herzegovina
With clients as Bosch, Yazaki, and Siemens, Soplast is a plastic injection company delivering as second tier supplier in automotive industry. RDA West organized their first visit to Region West in...