Home / BUSINESS / FINANCIAL / Trade balance deficit up by EUR 1.1bn in eight months

Trade balance deficit up by EUR 1.1bn in eight months

The trade balance deficit increased, in the first eight months of the year, nu EUR 1.105 billion against the same period in 2017, reaching EUR 8.978 billion, the National Statistics Institute (INS) informs on Wednesday.

During January 1 – August 31, 2018, the FOB exports amounted to about EUR 45 billion, up by 9.7% in the first eight months against the previous year, whereas the CIF imports increased by 104%, up to EUR 53.987.

The trade deficit resulted (FOB/CIF) was of EUR 8.978 billion, by EUR 1.105 billion larger than the one during January-August 2017.

The largest share in exports and imports were for transport equipment (47.6% of exports and 37.8% of imports) and other manufactured products (32.4% of exports and 30.6% of imports).

In August, the FOB exports totaled EUR 5.132 billion (+4.3% against August 2017) and CIF imports EUR 6.525 billion (+ 9%), resulting in a deficit of EUR 1.393 billion.

According to the quoted source, the value of intra-EU trade during January 1 and August 31 was of EUR 34.395 billion for shipments and of EUR 40.291 billion for imports, equivalent to 76.4% of total exports and 74.6% of total imports.

The value of extra-EU 28 trade of goods in the same reference period amounted to EUR 10.613 billion for exports (23.6% of the total) and EUR 13.695 billion for imports (25.4% of the total) .

 

 

 

About Valeriu Lazar