Home / BUSINESS / FINANCIAL / Trade deficit up by almost EUR 500m in H1
Romania’s trade deficit, up by almost 18 pc in the first five months

Trade deficit up by almost EUR 500m in H1

Romania had, in the first half of the year, a trade balance deficit of RON 6.305 billion, up by RON 483.3 million against the same interval the previous year, the National Statistics Institute (INS) informs in Thursday.

According to the official figures, during January 1-June 30, 2018, the FOB exports amounted to EUR 33.976 billion, up by 10% as compared to the first six months of the previous year and the CIF imports exceeded EUR 40.28 billion, by 9.7% higher than the reference period.

At the same time, important shares in the structure of exports and imports are held by the products: transport machinery and equipment (48.5% of exports and 38% of imports) and other manufactured products (32.6% of exports and 30.7% of imports).

The value of intra-EU 28 trade of goods reported in H1 was of EUR 26.075 billion for shipments and EUR 30.286 billion for imports, representing 76.7% of total exports and 75.2% of total imports.

The value of extra-EU trade of goods amounted to EUR 7.901 billion for exports, and EUR 9.995 billion in imports, representing 23.3% of total exports and 24.8% of total imports.

According to the INS, the FOB exports totalled EUR 5.884 billion (+16.2%) in June 2018 vs. June 2017, while the CIF imports amounted to EUR 7.186 billion (+11.7%).

About Victor Lupu