Romania’s trade balance deficit (FOB/CIF) increased by 35.1 per cent in the first two months of 2025 compared to the same period last year and reached approximately 5.62 billion euros, according to data released on Wednesday by the National Institute of Statistics (INS).

Over January-February 2025, FOB exports amounted to 15.15 billion euros, up by 0.7%, and CIF imports amounted to 20.76 billion euros, up by 8.2%.

Important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (45.5% in exports and 34.4% in imports) and other manufactured products (28.2% in exports and 28% in imports).

The value of intra-EU27 trade in goods was 10.65 billion euros for dispatches and 14.78 billion euros for imports, representing 70.3% of total exports and 71.2% of total imports.

The value of extra-EU27 trade in goods, between January 1 and February 28, 2025, was 4.50 billion euros for exports and 5.98 billion euros for imports, representing 29.7% of total exports and 28.8% of total imports.

The FOB (Free on Board) price is the price at the border of the exporting country, which includes the value of the good, all transport costs to the point of embarkation, as well as all taxes that the good must bear in order to be loaded on board.

The CIF price (Cost, Insurance, Freight) represents the price at the border of the importing country, which includes both the components of the FOB price and the cost of insurance and international transport, the INS specifies.

AGERPRES