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February 26, 2021
BUSINESS

Romania’s trade deficit jumps to 3.796 bln euros

Romania’s trade deficit amounted to 16.872 billion lei (3.796 billion euros) over Jan. – Aug. 2014, up 314.2 million lei (36.7 million euros) compared to the same period of 2013, the National Statistics Institute (INS) announced on Friday.
The FOB/CIF trade deficit was 1.950 billion lei (441 million euros) in Aug. 2014, down 939.5 million lei (209 million euros) from Aug. 2013.
According to preliminary data released by INS, over Jan. 1- Aug. 31, 2014, the FOB exports amounted to 152.251 billion lei (34,166 billion euros), and the CIF imports to 169,123,8 billion lei (37.962 billion euros). Compared to the similar period of 2013, the exports surged by 8 percent in values denominated in the leu currency (6.7 percent in values denominated in euros), and the imports moved up 7.3 percent in values denominated in lei (6.1 percent in values denominated in euros).
The value of intra-EU28 trade of goods from Jan. to Aug, 2014 was 107.903 billion lei (24.236 billion euros) in terms of exports and 127.006 billion lei (28.531 billion euros) in terms of imports, representing 70.9 percent of total exports and 75.2 percent of total imports.
The amount of extra-EU28 trade of goods during the same period was 44.348 billion lei (9.928 billion euros) in terms of exports and 42.117 billion lei (9.430 billion euros) in terms of imports, representing 29.1 percent of total exports and 24.8 percent of total imports.
In the first eight months of 2014, significant shares in the structure of exports and imports were held by transport equipment (42.2 percent in terms of exports and 35 percent in terms of imports) and other manufactured products (33 percent as far as exports go and 30.8 percent in terms of imports respectively).

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