AcasăEurope NewsRomania's seven-month trade deficit widens by almost 5.9 bln euros

Romania’s seven-month trade deficit widens by almost 5.9 bln euros

Published on

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.

Agerpres

Latest articles

Iohannis: By inviting Republic of Moldova as a guest of honor, Bookfest promotes language and literature unity

President Klaus Iohannis considers that by inviting the Republic of Moldova as a guest...

Top 10 brands preferred by Romanians in 2024

Three Romanian brands are in the top ten most important brands preferred by Romanians,...

New banking IT development hub Raiffeisen Tech to officially launch in Romania in early July

Raiffeisen Tech, the new finance and banking tech and software development center, will officially...

Taxation of pensions, based on INS data, according to purchasing power, says PM Ciolacu

Prime minister Marcel Ciolacu declared, on Wednesday, related to the increase in the tax...

More like this

Iohannis: By inviting Republic of Moldova as a guest of honor, Bookfest promotes language and literature unity

President Klaus Iohannis considers that by inviting the Republic of Moldova as a guest...

Top 10 brands preferred by Romanians in 2024

Three Romanian brands are in the top ten most important brands preferred by Romanians,...

New banking IT development hub Raiffeisen Tech to officially launch in Romania in early July

Raiffeisen Tech, the new finance and banking tech and software development center, will officially...