Romania’s trade deficit narrows, exports reach record level in October





By group of products, an important share of the exports and imports was held by machinery and transport equipment – 42 pc of exports and 34.7 pc of imports, and other manufactured products – 33 pc of exports and 30.3 pc of imports.
Romania’s exports hit a record level of EUR 4.7 billion in October 2013, up by almost 10 per cent compared with the same month of last year in values expressed in lei, and by 5.5 per cent compared with September 2013, while Romanian exports advanced 8.5 per cent January through October 2013 compared with the same period of the previous year, in values expressed in RON, according to provisional estimates of the National Institute of Statistics (INS),
In October 2013, CIF imports exceeded RON 23.802 billion (EUR 5.345 billion). Compared with October 2012, exports surged 9.8 per cent, in values expressed in RON (12 per cent respectively, in values expressed in euros), while imports dropped 1.3 per cent, in values expressed in RON (0.87 per cent respectively, in values expressed in euros). Compared with September 2013, exports climbed 5.5 percent in October 2013, in values expressed in lei, (and by 5.6 per cent, in values expressed in euros), while imports went up 9 per cent, in values expressed in lei (and by 9.8 per cent respectively, in values expressed in euros).
According to INS data, FOB exports in the first ten month of the year accounted for RON 181.825 billion (EUR 41.179 billion), while CIF imports stood at RON 203.046 billion (EUR 45.986 billion). Compared with the same period of 2012, exports increased by 8.5 per cent, in values expressed in lei (by 9.2 per cent respectively, in values expressed in euros) and imports dropped 0.8 per cent, in values expressed in lei (0.1 per cent respectively, in values expressed in euros).
The FOB – CIF trade deficit in the assessed period stood at RON 21.220 billion (EUR 4.806 billion), down RON 15.893 billion (EUR 3.522 billion), from the one registered in the similar period of the previous year.
The value of intra-community trade in goods (Inside EU28) in the period January – October 2013 was RON 21.220 billion (EUR 4.806 billion) in shipments and RON 154.363 billion (EUR 34.978 billion) in arrivals, representing 69.9 per cent of the total exports and 76.1 per cent of the total imports. In the first ten months of 2013, the following groups of products hold important weights in the structure of exports and imports: machines and transport equipment (42 per cent in exports and 34.7 per cent in imports) and other manufactured products (33.0 per cent in exports, respectively 30.3 per cent in imports).
Industrial production up by 7.4 pc in first 10 months
The same data reveals that the industrial production grew by 7.4 per cent in the first 10 months of 2013 from the similar time span of 2012, after a 10.6 per cent advance in October 2013 from October 2012. The growth adjusted depending on the number of workdays and seasonality was 6.7 per cent in the first 10 months and 9.9 per cent in October. In October 2013 the industrial production (gross series) grew from the previous month by 7.2 per cent and as an adjusted series depending on the number of workdays and seasonality by 1.6 per cent.
In the first 10 months of 2013 the industrial production (gross series) was higher by 7.4 per cent, supported by the processing industry (8.8 per cent) and the extractive industry (2.6 per cent). The production and supply of electric energy and heat, gas, hot water and air conditioning went down by 2.5 per cent. By the big industrial groups there were increases in most categories of goods: in the capital goods industry (11.5 per cent), in the durables industry (10.3 per cent), in the intermediate goods industry (8.2 per cent) and in the consumer goods industry (5 per cent). The energy producing industry dropped by 2.4 per cent.

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