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Trade balance deficit in ten months – by EUR 1.62bn larger than last year

The trade balance deficit in the first ten months of 2018 was of EUR 11.845 billion, by EUR 1.62 billion larger than in the similar period last year, the National Statistics Institute (INS) informs on Monday.

During the interval, the FOB exports amounted to EUR 57.190 billion and CIF imports to EUR 69.035 billion. Against the first ten months of 2017, exports have grown by 9.2% and imports by 10.3%.

Important shares in the exports and imports structure were taken by transport equipment (47.4% of exports and 38% of imports) and other manufactured products (32.2% of exports and 30.7% of imports).

In October 2018, the FOB exports amounted to EUR 6.340 billion and CIF imports to EUR 8.230 billion, with a resulting trade deficit of EUR 1.890 billion. As against October 2017, the exports were by 10% larger and imports by 16.1%.

The intra-EU 28 exchanges during January 1- October 31, 2018 were of EUR 43.885 billion for shipments and of EUR 51.539 billion for imports, i.e. 76.7% of overall exports and 74.7% of overall imports.

The extra-EU exchanges in the first ten months of the year were of EUR 13.305 billion for exports and of EUR 17.496 billion for imports, i.e. 23.3% of exports and 25.3% of imports.

 

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