Romania’s trade deficit down, after 11 months


Exports reach almost EUR 46 bln, National Statistics Institute reports.
New orders in industry, up 7.6 per cent.

Romania’s FOB-CIF trade deficit stood at RON 22.960 billion (EUR 5.197 billion) in the 11 months of 2013, down by RON 16.083 bln (EUR 3.559 billion), from the same period in 2012, announced yesterday the National Statistics Institute (INS), which has released estimative data. The FOB exports from January 1 to November 30 amounted to RON 201.930 billion (EUR 45.705 billion) and the CIF imports were worth RON 224.890 billion (EUR 50.902 billion), a 0.4 per cent advance in euro values.
Compared to the similar period in 2012, exports increased by 8.2 per cent in terms of lei values (by 9.0 per cent in euro values) and imports decreased by 0.3 per cent in lei values (and increased by 0.4 per cent in euro values).
Significant shares in the structure of exports and imports from January to November 2013 are held by cars and transport equipment (41.9 per cent for export and 35.0 per cent for import) and other manufactured products (32.8 per cent for exports and 30.1% for import respectively). According to the INS data, the value of intra-EU trade of goods (Intra EU28) from January 1 to November 30 was RON 141.514 billion (EUR 32.043 billion) for export and RON 170.999 billion (EUR 38.721 billion) for import, accounting for 70.1 per cent of total exports and 76.1 per cent of total imports, Agerpres reports. Moreover, the extra-EU trade exchanges (Extra EU28) in the same period stood at RON 60.415 billion (EUR 13.661 billion) in terms of exports and RON 53.890 billion (EUR 12.181 billion) in terms of imports, accounting for 29.9 per cent of total exports and 23.9 per cent of total imports.
In November 2013, the trade balance deficit (FOB/CIF) was worth RON 1.732 billion (EUR 389.4 million), down by RON 197.2 million (EUR 38.7 million) compared to that recorded in November 2012. Exports and imports increased by 9.0 per cent and 0.4 per cent respectively, from the same period in 2012.
According to preliminary estimates, FOB exports totaled 20.099 billion lei (4.523 billion euros) in November 2013, and CIF imports totaled 21.831 billion lei (4.913 billion euros).
Compared to November 2012, exports increased by 5.3% in lei values (7.7% in euro values) and imports rose by 3.9% in lei values (6.1% in euro values). From October 2013, the exports in November 2013 decreased by 4.0 per cent in lei values (3.8 per cent in euro values) and imports went down by 8.3 per cent in lei values (8.1 per cent in euro values).
Also the new orders in industry increased by 7.6 per cent from January 1 to November 30, 2013, compared to the similar period in 2012, after an increase by 2.2 per cent in November 2013 from the same month of the previous year, according to INS data. In the first 11 months of 2013, the new orders in industry increased on the whole by 7.6 per cent due to the increases recorded in the following industrial groups: capital goods industry (+16.7 per cent), durables industry (+6.4 per cent) and consumer goods industry (+5.5 per cent). Decreases were recorded in intermediate goods industry (-3.9 per cent).
INS: Turnover in industry increases 4.2 pc
The overall turnover in industry (domestic market and foreign market), in nominal terms increased 4.2 per cent in the first 11 months of 2013 compared with the same period of 2012 due to the 4.5 per cent increase in manufacturing, the same National Institute of Statistics (INS) informs. In the aforementioned period, the mining industry decreased 4.1 per cent. By large industrial groups, increases in turnover were recorded in the capital goods industry (+14.4 per cent), the durable goods industry (+4.6 per cent), the current goods industry (+2.9 per cent) and the intermediate goods industry (+1.0 per cent). The energy industry dropped 8.8 per cent.
Compared with November 2012, the industry turnover advanced 2.5 per cent overall, due to the increases in manufacturing (+2.7 per cent). The mining industry declined 4.0 per cent. The energy industry slid some 4.4 per cent.

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