Romania’s trade deficit up by over 20 pct in the first four months to EUR 3.36 bln

Georgiana Bendre 09/06/2017 | 12:14

Romania’s trade deficit rose by over 20 percent in the first four months of 2017, compared with the similar period of 2016 to EUR 3.36 billion, according to a release of the National Institute of Statistics (INS).

„During January 1-April 30 the FOB exports amounted to EUR 20.234 billion and the CIF imports amounted to EUR 23.602 billion. The commercial balance deficit (FOB/CIF) during January 1- April 20 was EUR 3.367 billion, higher by EUR 568.2 million than the same period of 2016,” according to the document.

The intra- community goods exchanges (Intra-UE28) was EUR 15.370 billion for outflows and EUR 17.939 billion for inflows, representing 76 percent of the total exports and imports.

The extra-community exchanges amounted to EUR 4.864 billion at exports and EUR 5.662 billion at imports, which represent 24 percent of the total exports and imports.

During January 1-April 30, the important shares in the structure of exports and imports were owned by the following products groups: cars and transport equipments and other manufacturing products.

„In April the FOB exports were worth EUR 4.774 billion and the CIF imports were worth EUR 5.823 billion, resulting in a deficit of EUR 1.049 billion. Compared with April 2016, the exports from April 2017 went up by 1.5 percent and the imports climbed by 5 percent,” says INS.

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