Exports peak in July with EUR 4.8 billion

Romania exported a record EUR4.8 billion worth of products in July, but the trade deficit for the first seven months was still wider than in the same period a year before, the country’s statistics institute INS said Tuesday.

Exports in July were up 12.7 percent month on month and 6.6 percent year on year. Imports also increased by 4.8 percent compared to the previous month and 10.6 percent compared to the previous year, to EUR 520 million.

July FOB exports totaled RON 21.05 billion in July, while imports totaled RON 23.35 billion. Therefore, the commercial deficit was RON 2.295 billion (EUR 520.3 million), down RON 237.2 million (EUR 52.7 million) compared to July 2013.

In January-July, FOB exports were RON 135.138 billion (EUR 30.3 billion), and CIF imports were RON 150 billion (EUR 33.65 billion). The total commercial deficit was RON 14.92 billion (EUR 3.35 billion), up by RON 1.26 billion compared to the same period last year.

In the analysed period, the most important products being exported and imported where fell in the following categories:

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– cars and transport equipment: 43 percent exports and 35.1 percent of imports;

– other manufactured goods: 33.1 percent of exportss and 31 percent of imports.