BUSINESS

Trade deficit down 13 pc after 4 months

Trade deficit in the first four months of 2010 has dropped by 13.1 per cent from the previous year to RON 11.58 bln, as export continued growing at faster rates than imports, the National Statistics Institute (INS) says. Both export and import in the first four months of the year went up compared to the similar period the year before, however the faster growing export cut trade deficit by almost RON 2 bln in nominal terms. Export at the end of April was at RON 44.5 bln, up 19.4 per cent as compared to April 2009, and import was up 10.9 per cent to 56.11 bln. Romanian intra-community trade in the first four months amounted to RON 32.839 bln (EUR 7,975.8 M) outward, and RON 40.53 bln (EUR 9,846.8 M) inward, representing 73.7 per cent of total export and 72.2 per cent of total import. Major weights on the export and import configuration were held by machines and transport equipment (42.6 per cent export and 34.6 per cent import) and other manufactured goods (34.7 per cent export and 30.4 per cent import). Trade deficit only in April was of RON 3.5 bln in nominal terms, slightly down from March – RON 3.6 bln, with both export and import decreasing feebly by 4.3 per cent and 4 per cent respectively.

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