Romania’s FOB/CIF seven-month trade balance deficit widened by almost 5.9 billion euros to 18.77 billion euros from the year-ago period, as imports advanced 29 percent and exports went up 23.9 percent, shows data released on Friday by the National Institute of Statistics (INS), according to Agerpres.
January – July FOB exports totaled 52.67 billion euros, and CIF imports stood at 71.44 billion euros.
Intra-EU27 trade exchanges amounted to 38.16 billion euros on the outbound and 50.36 billion euros on the inbound, representing 72.4 percent of total exports and 70.5 percent of total imports, respectively.
Extra-EU27 trade exchanges over the first seven months of the year amounted to 14.51 billion euros for exports and 21.08 billion euros for imports, representing 27.6 percent of total exports and 29.5 percent of total imports.
The product groups with a significant share of the country’s trade in the reporting period were machines and transport equipment (41.8 percent for exports and 32.4 percent for imports) and other manufactured products (30.7 percent for exports and 29.4 percent for imports, respectively).
July’s FOB exports totaled almost 7.9 billion euros, and CIF imports stood at 11.22 billion euros, resulting in a deficit of 3.32 billion euros.
Year-over-year, July exports were 24.1 percent higher, and imports went up 31.2 percent.