Romania’s Trade Deficit Up 15% in First Nine Months of 2024

Romania’s trade balance deficit increased by 15% in the first nine months of the year compared to the same period in 2023, according to data from the National Institute of Statistics.

In the first nine months of the year, exports totaled 69.285 billion euros, while CIF imports reached 92.770 billion euros. During this period, exports decreased by 1.4%, and imports increased by 2.3% compared to the same period in 2023. The trade balance deficit (FOB/CIF) between January 1 and September 30, 2024, was 23.485 billion euros, 3.066 billion euros higher (+15.0%) than in the first nine months of 2023.

Between January 1 and September 30, 2024, key product categories in the structure of exports and imports were machinery and transport equipment (46.9% of exports and 36.4% of imports) and other manufactured goods (28.9% of exports and 28.7% of imports).

The value of intra-EU27 trade in goods for January 1–September 30, 2024, was 50.0577 billion euros for dispatches and 67.1475 billion euros for arrivals, representing 72.2% of total exports and 72.4% of total imports. The value of extra-EU27 trade in goods over the same period was 19.2274 billion euros for exports and 25.6234 billion euros for imports, representing 27.8% of total exports and 27.6% of total imports.

2024CIFexportsimportsincreaseRomaniatrade deficit
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