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Romania began 2017 with a growing trade deficit by almost 60 pc

Trade balance deficit up to EUR 5bn in five months

The trade balance deficit increased by 12.3% in the first five months of the year, against the similar period in 2017, to over EUR 5 billion.

During January 1-May 31, 2018 the FOB exports amounted to EUR 28.093 billion, whereas imports to EUR 33.093 billion. The exports went up by 8.8% in the same period, with imports increasing by 9.3%, the National Statistics Institute (INS) informs on Tuesday.

The trade balance deficit (FOB/CIF) in the first five months of the year was of EUR 5 billion, up by EUR 546.8 million against the same interval in 2017.

In May 2018 the FOB exports amounted to EUR 5.871 billion with CIF imports up to EUR 7.142 billion, resulting in a deficit of EUR 1.27 billion. Against the same month last year, the exports increased by 5.2% and imports by 6.8%.

An important share in exports and imports were held by transport equipments and other manufactured products.

The value of intra-EU28 goods exchanges during the five months was of EUR 21.554 billion for shipments and of EUR 24.905 billion for imports, i.e. 76.7% of exports and 75.3% of imports.

The value of extra-EU28 goods exchanges was of EUR 6.538 billion for exports and EUR 8.187 billion for imports, i.e. 23.3% of exports and 24.7% of imports.

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