Trade deficit increased by 30 pc to EUR 2.3 bn in the first 10 months

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In January – October period, the FOB-CIF commercial deficit reached EUR 10206.8 million, EUR 2297.8 million more than in the same period of the previous year, National Institute of Statistics (INS) shows.

In this context, the FOB exports amounted to EUR 52360.0 million and the CIF imports amounted to EUR 62566.8 million. In October, the FOB exports were of EUR 5761.0 million and the CIF imports were of EUR 7079.4 million, a commercial deficit of EUR 1318.4 million being registered. Compared to October 2016, the exports increased by 13.3 percent and the imports increased by 16.7 percent in October 2017.

According to the same INS data, in the first ten months of this year, the Intra-EU28 trade of goods amounted to EUR 39717.1 million for dispatches and to EUR 47482.8 million for arrivals, representing 75.9 percent of both total exports and imports.

At the same time, the Extra-EU28 trade of goods amounted to EUR 12642.9 million for exports and to EUR 15084.0 million for imports, representing 24.1 percent of both total exports and imports. 

Important weights in the structure of exports and imports are represented by the following  groups of goods: machinery and transport equipment (46.5 percent for export and 37.2 percent for import) and other  manufactured goods) (33.5 percent for export and 31 percent for import, respectively). 

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