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November 14, 2019
ECONOMY FINANCE&BANKING INDUSTRY

Trade deficit surges approx. 30 per cent January through June, above 5.83 bl euros

Romania has recorded a trade deficit in excess of 5.873 billion euros January through June this year, indicating an increase by almost 30 per cent compared with the same interval of last year, when the deficit stood at 4.483 billion euros, reads a Wednesday release of the National Institute of Statistics (INS) sent to AGERPRES.

“The trade balance deficit (FOB/CIF) accounted for 5.837 billion euros in January 1 – June 30 2017, by 1.354 billion euros more than the value recorded in January 1- June 30 2016, in the context in which FOB exports accounted for 5.065 billion euros, CIF imports accounted for 6.436 billion euros, and the deficit resulting from here stood at 1.371 billion euros,” reads the document.

Compared with June 2016, exports in June 2017 climbed 2.5 per cent, with imports growing 14.2 per cent.

According to INS, intra-EU28 trade in goods for January 1 – June 30 2017 stood at 23.478 billion euros in terms of shipping and 27.839 billion euros in terms of imports, representing 76 per cent of total exports and 75.8 per cent of total imports, respectively.

Extra-EU28 trade in goods stood at 7.399 billion euros for exports and 8.875 billion euros for imports, for the January 1- June 30 2017 interval, representing 24 per cent of total exports and 24.2 per cent of total imports.

“Important weights in the overall structure of exports and imports were held, in the interval January 1 – June 30 by: machinery and transport equipment (47.8 export and 37.5 imports) and other manufactured products (34 per cent exports and 30.7 per cent imports), reads the INS release.

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