Trade deficit increased by EUR 751m in two months. Imports up by 10.1%, exports by 4.8%

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The trade deficit increased by EUR 751.1 million in the first two month of this year, against the similar period in 2018, given that the imports grew by 10.1% and the exports by 4.8%, the National Statistics Institute (INS) informs on Tuesday.

During January-February 2019, the trade balance deficit soared to EUR 2.413 billion, with the FOB exports amounting to EUR 11.403 billion and the CIF imports to EUR 13.816 billion. The FOB/CIF trade balance deficit amounted to EUR 2,413.1 billion.

The FOB exports in February reached EUR 5.892 billion and the CIF imports EUR 7.044 billion, resulting in a trade deficit of EUR 1.152 billion. Against February 2018, the exports in February 2019 increased by 8% and imports by 11.1%.

The intra-EU trade of goods in the first two months of 2019 was of EUR 8.878 billion for shipments and of EUR 10.291 billion for imports, i.e. 77% of overall exports and 74.5% of overall imports.

The extra-EU trade of goods in the same interval reached EUR 2.525 billion for exports and EUR 3.525 billion for imports, i.e. 22.1% of exports and 25.5% of imports.

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