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October 25, 2021
BUSINESS

Exports and imports advance in January-February

Romania’s exports advanced by 9.2 percent, and its imports by 9.4 percent over the first two months of 2014, compared to the similar period of 2013; FOB exports amounted to EUR 8.274 billion, while CIF imports stood at EUR 8.84 billion, according to data released on Wednesday by the National Institute of Statistics (INS). According to INS, FOB exports between January 1 and February 28, 2014 totalled RON 37.283 billion (EUR 8,274 billion), while CIF imports were worth RON 39.827 billion (EUR 8.84 billion).
Expressed in lei (Romania’s national currency), exports went up 12 percent (9.2 percent in euros), and imports grew by 12.2 percent (9.4 percent in euros) based on the equivalent period of 2013.
The FOB-CIF trade deficit between January 1 and February 28 amounted to RON 2.543 billion (EUR 566 million), up RON 323.2 million (EUR 58.8 million) from the first two months of 2013.
The intra-community trade of goods (Intra EU28) over the same period amounted to RON 26.628 billion (EUR 5.909 billion) for dispatches, and RON 29.714 billion (EUR 6.595 billion) for arrivals, equivalent to 71.4 percent of the total exports and 74.6 percent of the total imports.
Also over the first two months of the year, the volume of the extra-community trade of goods (Extra EU28) was RON 10.655 billion (EUR 2.364 billion) of exports and RON 10.112 billion (EUR 2.245 billion) of imports, equivalent to 28.6 percent of the total exports and 25.4 percent of the total imports. According to INS data, the following groups of goods had major weights in the export and import structure between January 1 and February 28: transport equipment and vehicles (41.4 percent of exports and 34.6 percent of imports) and other manufactured goods (32.8 percent of exports and 29.7 percent of imports).

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