Trade deficit up to EUR 7.5bn in seven months

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Romania recorded a trade deficit of EUR 7.577 billion in the first seven months of the year, by EUR 766.5 million higher than in the similar period of 2017, the National Statistics Institute (INS) informs on Monday.

According to statistical figures, during January 1 – July 31, 2018, the FOB exports amounted to EUR 39.878 billion, up by 10.4% against the first 7 months of the previous year and the CIF imports exceeded EUR 47.455 billion, by 10.5% higher than the reference interval.

The major groups of exports and imports are held by: transport machinery and equipment (48.1% of exports and 38.1% of imports and other manufactured products (32.5 % of exports and 30.8% of imports).

According to INS, the value of intra-EU trade of goods during the same interval was of EUR 30.529 billion for shipments and EUR 35.620 billion for imports, representing 76.6% of total exports and 75.1% of total imports.

On the other hand, the value of extra-EU trade of goods in the reference period was of EUR 9.348 billion for exports and EUR 11.834 billion for imports, accounting for 23.4% of total exports and 24.9% of total imports.

In July 2018, the FOB exports totaled EUR 5.9 billion, up by 12.9% against July 2017, and the CIF imports advanced by 15.4% to EUR 7.173 billion, resulting in a deficit of EUR 1.272 billion.

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