Trade deficit narrows by 48 percent in the first two months of 2011

Romania’s trade deficit narrowed by 48.2 percent in the first two months of 2011 against the same period of 2010 – from EUR 1.123 billion to EUR 582.4 million- according to the Romanian National Institute of Statistics. Exports surged by 41.9 percent on the year to EUR 6.9 billion (FOB) in January to February, while imports (CIF) went up 25 percent to EUR 7.5 billion.

Vehicles made up for the bulk of exports and imports, amounting to 42.2 percent of overall exports and 34.6 percent of the imports in the first two months, according to the same source.

In February, Romania’s trade deficit amounted to EUR 391.5 million, almost 40 percent less against February 2010. Exports were at EUR 3.5 billion in February, up 36.4 percent on the year, while imports were up 20.9 percent to EUR3.8 billion.

Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, with exports rising faster than imports.

Simona Bazavan

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Romania’s trade deficit narrowed by 48.2 percent in the first two months of 2011 against the same period of 2010 – from EUR 1.123 billion to EUR 582.4 million-  according to Romanian National Institute of Statistics. Exports surged by 41.9 percent on the year to EUR 6.9 billion (FOB) in January to February, while imports (CIF) went up 25 percent to EUR 7.5 billion. 

Vehicles made up for the bulk of exports and imports, amounting to 42.2 percent of overall exports and 34.6 percent of the imports in the first two months, the data showed.

In February, Romania’s trade deficit amounted to EUR 391.5 million, almost 40 percent less against February 2010. Exports were at EUR 3.5 billion in February, up 36.4 percent on the year, while imports were up 20.9 percent to EUR3.8 billion.

Romania’s trade deficit narrowed to EUR 9.46 billion in 2010, from EUR 9.86 billion a year earlier, with exports rising faster than imports.