The deficit of Romania’s trade balance (FOB/CIF) in the first two months of this year amounted to 563.3 million euros, by 4.7 million euros lower on a year-on-year basis, as Romania’s exports increased by 3.6 percent and imports advanced by 3.3 percent, shows data released on Thursday by the National Statistics Institute (INS).
This February’s exports and imports were up 4.9 percent and 9.4 percent, respectively, compared with January 2015.
Romania’s Jan – Feb exports and imports advanced 3.6 percent and 3.3 percent, respectively, compared to the same period of 2014, with FOB exports totaling 8.57 billion euros and CIF imports 9.13 billion euros.
In February this year, FOB exports amounted to 4.39 billion euros, while CIF imports stood at 4.77 billion, resulting in a deficit by 68.8 million euros higher than that registered in February 2014.
‘The value of intra-Community trade over January 1 – February 28, 2015 was 6.35 billion euros on the outbound and 7.1 billion euros on the inbound, representing 74.1 percent of total exports and 77.7 percent of aggregate imports, respectively. The amount of extra-Community exchanges of goods between January 1 – February 28, 2015 was 2.22 billion euros for exports and 2.03 billion euros for imports, accounting for 25.9 percent of total exports and 22.3 percent of total imports, respectively,’ mentions the cited release.
According to INS, the product groups with a significant share of the country’s trade are machines and transport equipment (43.9 pct for exports and 36.9 pct for imports) and other manufactured products (33.7 percent for exports and 31.3 percent for imports, respectively).