Romania’s exports rise by 4 pct to EUR 54.6 bln in 2015 – 74 pct went to the EU

Newsroom 15/02/2016 | 13:29

In 2015, the value of Romania’s total exports was of EUR 54.6 billion, registering an increase of 4 percent from 2014 with approx. 74 percent of the exports going to the European Union. Imports amounted to EUR 63 billion, an 8 percent increase from 2014, according to data published by Eurostat. Romania’s trade balance remained in the red, going from a negative EUR 6.1 billion in 2014 to a negative EUR 8.4 billion in 2015.

Of the total exports, EUR 40.2 billion came from intra-European Union trade and EUR 14.4 billion from trade outside the union, while when it came to imports, EUR 48.6 billion came from intra-EU imports and EUR 14.4 billion extra-EU.

With total exports amounting to EUR 23.2 billion in 2015, Bulgaria registered a 5 percent increase, also conducting most of its export activity within the EU. Imports came up to EUR 26.4 billion (EUR 17.0 billion from intra-EU imports), registering an increase of 1 percent from 2014. The trade balance for Bulgaria was also negative in 2015, but went from EUR – 4.1 billion to EUR – 3.3 billion.

In Hungary, total exports went up to EUR 88.8 billion, registering an increase of 7 percent from the previous year, with the majority of exports coming from intra-EU trade (EUR 72.3 billion). Total imports were of EU 83.5 billion, an increase of 6 percent from 2014, with EUR 63.6 billion coming from intra-EU trade. Hungary’s trade balance was positive in 2015 at EUR 5.4 billion, going up from EUR 4.3 billion in 2014.

At the European Union level, extra-EU28 exports of goods rose to EUR 1,789.1 billion (an increase of 5 percent compared with 2014), while imports rose to EUR 1,724.9 billion (an increase of 2 percent compared with 2014), reports Eurostat. As a result, the EU28 recorded a surplus of EUR 64.2 billion, compared with +EUR 13.3 billion in 2014. Intra-EU28 trade rose to EUR 3,066.6 billion in 2015, gaining 5 percent compared with 2014.

Andreea Tint

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