Romania trade deficit widens by 30 percent in H1, close to EUR 6 bln

Romania recorded a trade deficit of over EUR 5.83 billion in the first semester of this year, up by around 30 percent compared to the same period of last year, according to the National Institute of Statistics (INS).

In June 2017, FOB exports stood at EUR 5 billion, while CIF imports stood at EUR 6.4 billion, resulting in a deficit of EUR 1.3 billion.

Compared to June 2017, exports were up by 2.5 percent, while imports gained 14.2 percent.

According to the INS, intra-EU28 trade was worth EUR 23.4 billion on exports and EUR 27.8 billon, accounting for 76 percent of Romania’s exports and 75.8 percent of its imports in the first six months.

Romania extra-EU28 trade stood at EUR 7.4 billion on exports and EUR 8.8 billion on imports.

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Machines and transport equipments represented 47.8 percent of Romania’s exports and 37.5 percent of its imports in the first semester, while manufactured products had a share of 34 percent of exports and 30.7 percent on imports.