Trade balance deficit up to EUR 6.52bn in five months of 2019

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The trade balance deficit has deepened in the first five months of 2019 up to EUR 6.52 billion, up by EUR 1.51 billion against January 1 – May 31, 2018, the National Statistics Institute (INS) informs on Wednesday.

The FOB exports amounted to EUR 29.34 billion (up by 4.4%) and the CIF imports to EUR 35.86 billion (up by 8.3%).

The intra-EU28 trade exchanges were of EUR 22.67 billion for shipments and EUR 29.92 billion for imports, i.e. 77.3% of exports and 75.1% of imports.

The extra-EU 28 trade exchanges amounted to EUR 6.67 billion for exports and EUR 8.95 billion for imports, i.e. 22.7% of exports and 24.9% of imports.

The FOB exports in May 2019 amounted to EUR 6.27 billion and the CIF imports to EUR 7.75 billion, resulting in a trade deficit of EUR 1.48 billion.

As compared to May 2018, the exports in May were up by 6.8% and imports by 8.5%.

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