Imports up by more than 10pc, trade deficit up to EUR 2.7bn in Q1


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The trade balance deficit reached EUR 2.715 billion in the first quarter of 2018, by EUR 416.2 million larger than the one in the similar period last year, the National Statistics Institute (INS) informed on Thursday.

In Q1 the exports increased by 9.8% and the imports by 10.8% against Q1 2017. In Q1 2018, the FOB exports amounted to EUR 16,986.5 million and the CIF imports to EUR 19,702.1 million, INS informs, according to

Important shares in exports and imports have the transport equipments (48.4% of exports and 37% of imports) and other manufactured products (32.2% of exports and 30.6% of imports).

INS also informs that the intra-EU28 goods exchanges in Q1 were of EUR 13.012 billion for shipments and EUR 18.847 billion for imports, i.e. 76.6% of exports and 75.4% of imports.

The extra-EU28 trade exchanges were of EUR 3.973 billion for exports and EUR 4.854 billion for imports, i.e. 23.4% of exports and 24.6% of imports.

In March 2018, the FOB exports amounted to EUR 6.105 billion and the CIF imports to EUR 7.162 billion, leading to a deficit of EUR 1.056 billion. As compared to March 2017, in March 2018 the exports grew by 6.6% and the imports by 5.8%.


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