Romania’s trade balance deficit (FOB/CIF) in the first eight months of this year increased 14.6% compared to the same period in 2023, to 20.919 billion euros, according to data the National Institute of Statistics (INS) published on Thursday.

According to the quoted source, in August 2024 alone, FOB exports totaled EUR 6.549 billion and CIF imports amounted to EUR 9.429 billion, resulting in a deficit of EUR 2.880 billion. Thus, compared to August of the previous year, exports fell 7.5%, while imports decreased 3%.

At the same time, between January 1 and August 31, 2024, FOB exports amounted to EUR 61.139 billion (-1.6% compared to the first eight months of 2023), while CIF imports were EUR 82.059 billion (+2%).

The INS data reveal that, at the end of August this year, important shares in the structure of exports and imports are held by the following product groups: machinery and transportation equipment (46.8% for exports and 36.3% for imports) and other manufactured goods (28.9% for exports and 28.6% for imports).

The value of intra-EU27 trade in goods amounted to EUR 44.099 billion in dispatches and EUR 59.360 billion in imports in the period under review, which represented 72.1% of total exports and 72.3% of total imports.

Also, the value of extra-EU27 trade in goods amounted to EUR 17.040 billion for exports and EUR 22.699 billion for imports, namely 27.9% of total exports and 27.7% of total imports.

AGERPRES