Commercial deficit grows in August, as exports and imports drop over 15 pct

In August 2015, exports amounted to EUR 3.92 billion and imports stood at EUR 4.7 billion, a commercial deficit of EUR 856.6 million being registered, show data sets released by the National Institute for Statistics. Compared to July 2015, when Romania registered a commercial deficit of EUR 641.6 million, exports decreased by 22.3 percent and imports decreased by 15.9 percent in August 2015.

During the first eight months of the year the commercial deficit stood at EUR 4.78 billion, climbing EUR 971.3 million year on year.

During this period exports amounted to EUR 35.99 billion and imports amounted to EUR 40.78 billion. Intra‐community trade of goods (Intra‐EU28) amounted to EUR 26.32 billion for dispatches and to EUR 31.25 billion for arrivals, representing 73.1 percent of the total exports and 76.6 percent of the total imports. Extra‐community trade of goods (Extra‐EU28) amounted to EUR 9.66 billion for exports and to EUR 9.53 billion for imports, representing 26.9 percent of the total exports and 23.4 percent of the total imports.

For the first eight month of the year, important weights in the structure of exports and imports are represented by transport equipment and vehicles (43.7 percent for export and 36.5 percent for import) and other manufactured goods (33.1 percent for export and 31.3 percent for import, respectively).

Food, beverages and tobacco were 8.7 percent of exports and 8.2 percent of imports, while chemicals and similar products held a larger slice in imports (14 percent) compared to exports (5.1 percent). Fuel and lubricants represented 5.1 percent of exports and 6.9 percent of imports, and raw materials represented 4.3 of exports and 3.1 of imports.