Trade deficit up by almost 32pc in two months

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The trade deficit increased by 31.6% in the first two months of 2018 against the same period last year, to EUR 1.657 billion, the National Statistics Institute (INS) informs.

According to the institute, the exports grew by 11.6%, whereas the imports by 13.9%. The exports amounted to EUR 10.880 billion and the imports EUR 12.537 billion.

The FOB/CIF trade deficit during January-February 2018 was by EUR 398.1 million larger than last year.

An important share in exports and imports was represented by machines and equipments (48.7% of exports and 37.1% of imports) and other manufactured products (32% of exports and 30.7% of imports).

The intra-EU 28 trade exchanges were of EUR 8.363 billion for exports and EUR 9.418 billion for imports.

The extra-EU 28 trade exchanges amounted to EUR 2.516 billion for exports and EUR 3.119 billion for imports.

The FOB exports in February amounted to EUR 5.457 billion and the CIF imports to EUR 6.339 billion, leading to a deficit of EUR 882.5 million.

The exports in February 2018 were by 7.6% higher than in February 2017, the imports by 10.7% higher.

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