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Bucharest
December 6, 2022
BUSINESS

Romania, sixth in the EU based on exports’ increase

Romania ranks sixth in the European Union (EU) based on the increase of exports in the first quarter of the year, with a growth of 40 pc to EUR 11.1 bln, from EUR 7.9 bln in Q1 2010, according to Eurostat. Higher export increases during January-March were reported by Bulgaria (56 pc), Estonia (55 pc), Malta (51 pc), Lithuania (50 pc) and Latvia (41 pc). All member states saw their exports soaring. Over the interval, Germany remained Europe’s top exporter, with more than EUR 260 bln, followed by The Netherlands (EUR 118 bln) and France (EUR 107 bln). In the first two months of the year, Romania had the sixth biggest export increase rate in the EU, of 42 pc. Based on imports soaring by 26 pc, Romania ranks ninth in the first quarter. Romanian imports advanced from EUR 10 bln to EUR 12.6 bln over the interval. The most significant import increases were registered by Estonia (52 pc), Lithuania (50 pc) and Latvia (37 pc). The only country that reported a decline of imports was Greece.

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