Romania’s trade deficit rose to 12.7 billion euros in the first five months of the year, by 3.8 billion, or more than 40%, more than in the same period last year, according to a statement from the National Institute of Statistics.
In May 2022, the FOB exports amounted to 7997.4 million euro and the CIF imports amounted to 10720.1 million euro, a commercial deficit of 2722.7 million euro being registered.
Compared to May 2021, the exports increased by 34.5% and the imports increased by 38.8% in May 2022. During January-May this year the FOB exports amounted to 36918.9 million euro and the CIF imports amounted to 49659.7 million euro.
During the same period, the exports increased by 23.5% and the imports increased by 28.1%, compared to the same period in 2021. During January-May 2022, the FOB–CIF trade deficit was of 12740.8 million euro, 3891.3 million euro more than in the same period last year.
During January-May 2022, important shares in the structure of exports and imports are represented by the following groups of goods: machinery and transport equipment (42.7% for export and 32.5% for import) and other manufactured goods1) (31.1% for export and 29.6% for import).
In the first five months of this year, the Intra–EU27 trade in goods amounted to 27030.3 million euro for dispatches and to 35308.4 million euro for arrivals, representing 73.2% of total exports and 71.1% of total imports.
The Extra–EU27 trade in goods amounted to 9888.6 million euro for exports and to 14351.3 million euro for imports, representing 26.8% of total exports and 28.9% of total imports.