Trade deficit up to EUR 11.344bn in 11 months of 2017

0 47

The deficit of Romania’s trade balance (FOB/CIF) reached EUR 11.344 billion in the first 11 months of 2017, up by EUR 2.569 billion against the same period in 2016, the National Statistics Institute (INS) informs on Tuesday.

During January 1 – November 30, 2017, the FOB exports amounted to EUR 58.146 billion, up by 9.5% against the first 11 months of the previous year, while the CIF imports amounted to EUR 69.491 billion, up by 12, 3%.

According to INS, in November 2017, the FOB exports were of EUR 5.785 billion, the CIF imports of EUR 6.908 billion, resulting in a deficit of EUR 1.122 billion. As compared to the same month in 2016, the exports in November 2017 have increased by 8.9% and imports by 11.8%.

Statistics also show that the value of intra-EU trade in goods in the first 11 months of this year amounted to EUR 44.168 billion for shipments and EUR 52.721 billion for imports, representing 76% of total exports and 75.9% total imports.

Also, the value of extra-EU28 trade in goods during January-November 2017 was of about EUR 13.978 billion for exports (24% of total exports) and of about EUR 16.770 billion for imports (24.1% of total imports ).

According to official data, in the reference period, important weightings in the structure of exports and imports are held by the following groups of products: machinery and transport equipments (46.4% for exports and 37.3% for imports) and other manufactured products (33.4% for exports and 30.9% for imports).

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More