Romania’s FOB/CIF trade balance deficit as of end-June stood at EUR 15.090 billion, by EUR 1.764 billion higher (+13.2 pct) compared to the same period of the previous year, as FOB exports dropped 2.4 percent to EUR 46.268 billion, and CIF imports inched up 1 percent to EUR 61.359 billion, shows data released on Friday by the National Institute of Statistics (INS).

The product groups with a significant share of the country’s trade in the reporting period were machines and transport equipment (47.5 percent for exports and 36.5 percent for imports) and other manufactured products (29.3 percent for exports and 28.4 percent for imports, respectively).

Intra-EU27 trade exchanges over January – June 2024 amounted to EUR 33.649 billion on the outbound and EUR 45.008 billion on the inbound, representing 72.7 percent of total exports and 73.4 percent of total imports, respectively.

Extra-EU27 trade exchanges over the same period amounted to EUR 12.619 billion for exports and EUR 16.350 billion for imports, representing 27.3 percent of total exports and 26.6 percent of total imports.

FOB exports in June 2024 totaled EUR 7.750 billion, and CIF imports stood at EUR 10.529 billion, resulting in a deficit of EUR 2.778 billion. Year-over-year, exports this June were 0.1 percent higher, and imports increased 5.2 percent.

AGERPRES