AcasăRomania & Moldova NewsHuge increase (+44.0%) of Romania's trade balance deficit in 2022, compared to...

Huge increase (+44.0%) of Romania’s trade balance deficit in 2022, compared to the one recorded in 2021

Published on

In December 2022, FOB exports totaled 6705.9 million euros, and CIF imports totaled 9793.0 million euros, resulting in a deficit of 3087.1 million euros, INS informs.

Compared to December 2021, exports in December 2022 increased by 2.7%, and imports increased by 10.5%.

In 2022, FOB exports totaled 91951.6 million euros, and CIF imports totaled 126046.5 million euros.

In 2022, exports increased by 23.1% and imports increased by 28.1% compared to 2021.

The deficit of the trade balance (FOB/CIF) in 2022 was 34,094.9 million euros, higher by 10,420.2 million euros (+44.0%) than the one recorded in 2021.

In 2022, important shares in the structure of exports and imports are held by the product groups: machines and transport equipment (41.7% for export and 32.8% for import) and other manufactured products1) (29.8% for export and 28.3% on import).

The value of intra-EU27 exchanges of goods in 2022 was 66,454.2 million euros for shipments and 89,332.1 million euros for imports, representing 72.3% of total exports and 70.9% of total imports. The value of extra-EU27 exchanges of goods in 2022 was 25,497.4 million euros for exports and 36,714.4 million euros for imports, representing 27.7% of total exports and 29.1% of total imports.

Latest articles

EconMin: Romania’s joining OECD will come with major benefits for the business environment

Romania's joining the Organization for Economic Cooperation and Development (OECD) will bring major benefits...

JusMin Marinescu: The Tate brothers understood to respect the Romanian jurisdiction

The Tate brothers have understood to respect the Romanian jurisdiction and had the not...

Interim President Bolojan: Romania has all the prerequisites to become a regional technological hub

The IT&C sector has become an essential pillar of the Romanian economy in the...

Central bank Governor Isarescu: A financially educated society becomes more resilient

The National Bank of Romania and the Bucharest School of Economics (ASE) are two...

More like this

EconMin: Romania’s joining OECD will come with major benefits for the business environment

Romania's joining the Organization for Economic Cooperation and Development (OECD) will bring major benefits...

JusMin Marinescu: The Tate brothers understood to respect the Romanian jurisdiction

The Tate brothers have understood to respect the Romanian jurisdiction and had the not...

Interim President Bolojan: Romania has all the prerequisites to become a regional technological hub

The IT&C sector has become an essential pillar of the Romanian economy in the...