BUSINESS

June trade deficit up EUR 25.4 M

Trade deficit was up EUR 25.4 M to EUR 4.7 bln in late June, from the first half a year ago, Mediafax reports. The deficit rise was due to exports and imports going up 25.8 per cent and 19.3 per cent, to EUR 17.1 bln and EUR 21.8 bln respectively, according to the National Institute of Statistics (INS).


Romania’s intra-EU trade came to incomings worth RON 52.25 bln and outgoings of RON 65.13 bln in the first half of 2010, or 73.4 per cent and 71.8 per cent of the overall exports and imports respectively. Exports outside EU-27 rose 32.3 per cent, to EUR 4.57 bln, and relevant imports, 30.6 per cent, to EUR 6.17 bln, or a deficit of EUR 1.6 bln, up EUR 330 M from that in the year-earlier interval. Actually, the January-June 2010 deficit rising against the similar interval of 2009 is the exclusive outcome of goods exchanges with partners outside EU 27, as intra-community exchanges registered a deficit of EUR 3.10 bln, EUR 300 M down from last year’s.


Further more, both the gross and working-day and seasonally-adjusted industrial production increased by 5.6 per cent and 4.4 per cent in June, from May and against June 2009. Gross and working-day and seasonally-adjusted industrial output in June increased 4.7 per cent and 1.9 per cent compared to the previous month, and 6.7 per cent and 4.7 per cent respectively against June 2009.

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