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Statistics: Trade deficit up by 11.8% to almost EUR 10bn in nine months

The FOB/CIF trade deficit has climbed to EUR 9.95 billion in the first nine months, up by EUR 1.05 billion against the same period last year.

The National Statistics Institute (INS) informs on Friday that the FOB exports amounted to EUR 50.85 billion, up by 9.1% against the same period last year, whereas the CIF imports reached EUR 60.79, up by 9.5%.

In September 2018, the FOB exports amounted to EUR 5.84 billion and CIF imports to EUR 6.81 billion, resulting in a deficit of EUR 970.9 million. As compared to September 2017, exports in September were higher by 5.1% and imports by 3.4%.

In the first nine months, important shares in exports and imports were held by transport equipment (47.4% of exports and 37.8% of imports) and other manufactured products (32.3% of exports and 30.7% of imports)

The value of intra-EU28 trade during January-September was of EUR 38.98 billion for shipments and of EUR 45.47 billion for imports, representing 76.7% of total exports and 74.8% of total imports.

The value of extra-EU28 trade during the same period was of EUR 11.87 billion for shipments and EUR 15.33 for imports, representing 23.3% of exports and 25.2% of imports.

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