Romania’s foreign trade deficit widened by 35.6 percent in the first half of 2016 compared with the similar period of the year before, to almost 4.47 billion euros, according to data released on Tuesday by the National Institute of Statistics (INS).
“January 1 – June 30, 2016, FOB exports totalled 28,184.4 million euros, while CIF imports were standing at 32,651.8 million euros. The FOB/CIF trade deficit in the same period was 4,467.4 million euro disfavouring Romania, up 1,174.8 million euros form H1, 2015. June 2016 FOB exports were standing at 4,941.8 million euros, with CIF imports worth 5,637.6 million euros, which gave a deficit of 695.8 million euros. Compared with June 2015, June 2016 exports were up 3.7 percent and imports 2.7 percent,” according to the INS.
Romania’s intra-EU28 trade January 1 – June 30, 2016 exceeded 21.291 billion euros worth of dispatches and 25.404 billion euros worth of arrivals, making up 75.5 percent of Romania’s exports and 77.8 percent of its imports.
Romania’s extra-EU28 trade in the same period was worth 6.892 billion euros of exports and 7.247 billion euros of imports, making up 24.5 percent of Romania’s total exports and 22.2 percent of its imports.
The largest shares in Romania’s H1, 2015 foreign trade were held by machines and transport equipment (48.2 percent of exports and 37.7 percent of imports) and other manufactured products (33.1 percent of exports and 31.4 percent of imports).