Romania trade deficit up by 13 percent in H1

Newsroom 11/08/2014 | 10:57

Romania’s trade deficit widened to EUR2.83 billion in the first six months of 2014, up 13 percent from EUR 2.53 billion a year earlier, the country’s statistics institute INS said Monday. Exports grew by 7,6 percent to EUR 25.5 billion, while imports registered an 8 percent growth to EUR 2.8 billion.

The trade deficit for H1 2014 was RON 12.6 billion (EUR 2.8 billion), higher by RON 1.48 billion (EUR 298.8 million) then the one registered in H1 2013.

In the first half of 2014, cars and transport equipment held priority in exports and imports (43.6 percent exports and 35.5 percent imports), followed by other manufactured goods (33.2 percent export and 30.9 percent imports).

In June 2014, according to INS preliminary estimates, FOB exports were RON 18.6 billion (EUR 4.2 billion) and CIF imports were RON 21.6 billion (EUR 4.79 billion). That represents a 4.6 percent year-on-year growth for exports in RON (5.4 in EUR) and an 8.2 percent growth for imports (9.2 percent in EUR).

The trade deficit for June 2014 rose to RON 2.4 billion (EUR 555.1 million), higher by RON 774.9 million (EUR 188.1 million) then the one recorded in June 2013.