Romania’s trade deficit widens by 6.4 pct in 2014 after imports and exports grow at same rate

Newsroom 09/02/2015 | 14:33

Romania’s trade deficit grew to RON 26.8billlion (approximately EUR 6.05 billion) in 2014, up by 6.4 percent y-o-y, according to data released on Monday by the National Institute of Statistics (INS).

In 2014 Romania’s FOB exports amounted to RON 233.214.3 billion (EUR 52.4 million) which was up by 6.4 percent at values expressed in RON (5 percent at values expressed in euro). CIF imports stood at RON 260.05 billion (EUR 58.5 million) which was up by the same 6.4 percent at values expressed in RON (5.9 at values expressed in euro).

Romania’s exports to other EU member states (Intra-EU28) in 2014 was RON 165.74 billion (EUR 37.3 billion) while imports amounted to RON 195.94 billion (EUR 44.1 billion). This represented 71.1 percent of the country’s overall exports and 75.4 percent of total imports.

Extra-EU exports (Extra-EU28) in 2014 amounted to RON 67.46 billion (EUR 15.15 billion) and imports to RON 64.112 billion (EUR 14.401 billion). This accounted for 28.9 percent of total exports and 24.6 percent of total imports.

Trade with cars and transport equipment represented the largest share of Romania’s trade in 2014 (42.3 percent of total exports and 35.5 percent of total imports) followed by the ‘other manufactured goods’ category (32.7 percent of total exports export and 30.7 percent of total imports).