During the first five months of 2015 free on board (FOB) exports amounted to EUR 22.26 billion and cost insurance and freight (CIF) imports totalled EUR 24.8 billion euro, shows data from the National Institute of Statistics (INS). The FOB‐CIF commercial deficit was of EUR 2.5 billion, EUR 272.5 million more than the number registered in the first five months of 2014.

 

In May 2015, FOB exports were of EUR 4.4 billion and CIF imports were of 5.03 billion, leading to a commercial deficit of EUR 547.3 million.

Compared to April 2015, exports increased by 2.0 percent and imports decreased by 0.2 percent, in May, while year on year exports and imports increased by 4.7 percent and by 5.4 percent, respectively.

The Intra‐community trade of goods (Intra‐EU28) amounted to EUR 16.3 billion for dispatches and EUR 19.09 billion euro for arrivals. This represented 73.6 percent of the total exports and 76.9 percent of the total imports.

The Extra‐community trade of goods (Extra‐EU28) amounted to EUR 5.8 billion for exports and EUR 5.7 billion for imports, making up 26.4 percent of the total exports and 23.1 percent of the total imports.

The best represented groups of goods are transport equipment and vehicles (44.3 percent for export and 36.7 percent for import) and other manufactured goods (33.3 percent for export and 31.4 percent for import).

Natalia Martian