Trade deficit up by EUR 1.734bn in eight months

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The FOB exports amounted, in the first eight months of the year, to EUR 41.023 billion, whereas the CIF imports to EUR 48.905 billion, leading to a trade deficit of EUR 7.882 billion, by EUR 1.734 billion larger that during the similar period last year, the National Statistics Institute (INS) informs.

In August 2017, the FOB exports were of EUR 4.920 billion and CIF imports of EUR 5.98 billion, with a trade deficit of EUR 1.059 billion. As compared to August 2016, the exports were larger by 10.7% and the imports were by 9.3% higher.

The intra-EU 28 trade exchanges during January 1 – August 31, 2017 were of EUR 31.081 billion for exports and of EUR 36.997 billion for imports, i.e. 75.8% of total exports and 75.7% of imports.

The extra-EU 28 trade exchanges in the same period was of EUR 9.941 billion for exports and of EUR 11.908 billion for imports, i.e. 24.2% of total exports and 24.3% of total imports.

Important shares in the structure of exports and imports were held by machines and equipments (46.8% for exports and 37.1% of imports) and other manufactured goods (33.6% of exports and 30.7% of imports).

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