Romania’s volume of exports increased by 24 percent, nine months into 2011

Romania’s volume of FOB exports has increased by 24.2 percent, to EUR 33.4 billion, in the first nine months of 2011, compared to the similar period of 2010, according to an official press statement from the Romanian Ministry of Economy.  

The volume of imports totaled EUR 40.3 billion in the first three quarters of 2011, which is a 19 percent increase compared to the similar period of 2010.

Exports have gained EUR 0.9 this September compared to the previous month, keeping the constant growth trend recorded in the last 25 months.

The automotive industry and transport equipments contributed made up 41 percent of Romanian exports. The manufactured products represent 75 percent of Romanian exports.

The main export destinations for Romanian products are EU member states, accounting for 71.1 percent of exports and 71.6 percent of imports, but non-EU destinations account for 30 percent of exports, above the EU average of 22 percent.

Read more about

Air Show in Bucharest on Saturday for Aviation Day: dozens of military aircraft to fly over Aviatorilor Square

read more

Exports to Kuwait have increased by 218 percent, to UAE by 86 percent and to Afghanistan by 198 percent.  The exported products have an increased added value and originate from sectors coordinated by the Romanian Ministry of Economy.

Around 64 percent of imports to Romania accounted for investment and industrial products. Around 12 percent represented energy imports and 3 percent were raw materials. Agricultural products represented 6.9 percent of imports, compared with 5.9 percent of Romanian exports.

The imports originated from Germany, Italy, Hungary and France. By far, the greatest source of imports was China with a share of 45 percent. Russia acts as an important supplier of raw materials, accounting for 5 percent of imports.

Ovidiu Posirca