13.8 C
March 23, 2023

A smaller decline of exports in July – 14.5 pc

In July, the exports registered a fall of 14.5 per cent after the decline of 17.5 per cent in June, and after it decreased 19 per cent in the first six months of the year. Thus, after the fall of 22 per cent in April, followed by one of 21 per cent and another one of 18 per cent in June, the fall of 14 per cent in July shows a tendency to recover. In other words, the trade deficit dropped 57.3 per cent in the first seven months vs. the same period of 2008, to RON 20.58 bln, on the background of a decrease of exports by 6.7 per cent and of a reduction of imports by 26.6 per cent, according to the data of the National Institute of Statistics (INS).

Compared to the balance reported in the first six months, the decline of imports and that of exports continued from 26.8 per cent and respectively 8 per cent. The exports made by Romania in January-July amounted to RON 69.15 bln (EUR 16.34 bln), while the value of imports rose to RON 89.73 bln (EUR 21.219 bln). The value of the exchange of goods with the European Union in the first seven months was RON 51.38 bln (EUR 12.15 bln) for outputs and RON 65.78 bln (EUR 15.56 bln) for inputs, representing 74.3 per cent of the total exports and 73.3 per cent of the imports.

In the first seven months, the transport machinery and equipment (42 per cent for export and 32.8 per cent for import) and other manufactured products (35.5 per cent for export and 32.1 per cent for import) had an important weight in the structure of exports and imports. In July alone, the exports of RON 11.73 bln and the imports of RON 13.78 bln produced a deficit of RON 2.05 bln, from a balance of RON 7.09 bln in the same month of 2008.

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