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Bucharest
November 11, 2019
ECONOMY FINANCE&BANKING

Trade balance deficit widens by 763 million euros, to 2.79 billion euros, in Q1, 2016

Romania’s trade balance deficit (FOB / CIF) rose to nearly 2.79 billion euros in the first four months of 2016, higher by 763 million than in Q1, 2015, according to data the National Institute of Statistics (INS) released on Thursday.
FOB exports totalled 18.565 billion euros, after an advance of 4.4pct from the first four months of 2015, and CIF imports were 21.352 billion euros, up 7.8pct compared with the similar period of the previous year.
In April 2016, FOB exports were 4.704 billion euros and recorded an increase of 6.9pct compared with April 2015, while CIF imports were 5.540 billion euros, up 9.8pct, giving a deficit of 836.2 million euros.
The value of intra-community trade in goods (Intra-EU28), January-April 2016 was 14.123 billion euros in shipments and 16.731 billion euros in imports, accounting for 76.1pct of total exports and 78.4pct of total imports.
Extra-community trade in goods (Extra-EU28) for the same period was nearly 4.442 billion euros in exports and 4.621 billion euros in imports, representing 23.9pct of total exports and 21.6pct of total imports.
In the first four months of the year, a significant share in the structure of exports and imports was held by machines and transport equipment (48pct of exports and 37.6pct of imports) and other manufactured goods (33.2pct of exports and 31.2pct of imports).

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