Romania’s trade deficit up in first two months of 2014

Newsroom 09/04/2014 | 14:27

Romania’s trade deficit for the first two months of the year stands at EUR 566 million, an increase of EUR 58.8 million on the same period last year.

Recent figures from the Romanian Institute of Statistics show exports amounted to EUR 8.27 billion in the first two months of the year, up 9.2 percent on January and February 2013.

Meanwhile, imports are at EUR 8.84 billion, an increase of 9.4 percent on the year

Romania’s trade within the EU28 in January and February included exports of EUR 5.9 billion and imports of EUR 6.59 billion. In total, Romania exports 71 percent of the total and imports 74.6 of its goods from European Union members.

That means that the rest of EUR 2.3 billion in exports and EUR 2.2 billion in imports come through trade with countries outside of the European Union.

Top 5 categories for exports
41.4 percent transport equipment and vehicles,
32.8 percent other manufactured products,
8.5 percent food, beverages and tobacco,
7.1 percent fuel and lubricants,
5.2 percent chemicals.

Top 5 categories for imports:
34.6 percent transport equipment and vehicles,
29.7 percent other manufactured goods,
14.2 chemicals, 10.9 percent fuel and lubricants,
7.3 percent food, tobacco and beverages,
3.3 percent raw materials.