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

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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.

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