Romania’s exports increased by 21 percent to EUR 45 billion in 2011

FOB exports gained 21 percent y/y to EUR 45 billion last year, while CIF imports increased by 17 percent y/y to EUR 54 billion, says the Romanian statistics institute (INS). The trade deficit widened by EUR 188 million to EUR 9.7 billion.

INS data shows that 41 percent of all exports comprised of machinery and transport equipment and 33 percent were manufactured products. Romania also exported raw materials (7 percent), agricultural products, tobacco and beverages (6 percent), chemical products, mineral fuels, lubricants (5 percent).

On imports, 34 percent were machinery and transport equipment, while 30 percent represents other manufactured products. Chemical products (13 percent), mineral fuels, lubricants (11 percent), agriculture products, beverages and tobacco (7 percent) and raw materials (3 percent).

Exports intra-EU 27 increased by 19 percent y/y to EUR 32 billion in 2011, while imports gained 17 percent y/y to EUR 39 billion.

Exports extra-EU 27 gained 25 percent y/y to EUR 13 billion, while imports posted the same growth to EUR 15 billion.

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