Romanian trade deficit up to EUR 1.26 bln in January-February period

The Romanian trade deficit (FOB/CIF)  went up to EUR 1.26 billion in January and February, a growth by EUR 267.5 million compared with the negative trade balance registered in the same period of 2016, according to the National Institute of Statistics (INS).

The FOB exports amounted to EUR 9.75 billion, during January-February, a growth by 9.2 percent compared with the first two months of 2016 and the CIF imports amounted to EUR 11 billion, an increase by 10.9 percent.

The intra-community trade value (Intra-UE28) was EUR 7.46 billion for outflows and EUR 8.23 billion for inflows, representing 76 percent of the total exports and 75.6 percent of the total imports.

The value of the extra-community trade value (Extra-UE28) in the mentioned period was EUR 2.34 billion at export and EUR 2.68 billion for imports, representing 24 percent of the total exports and 24.4 percent of the total imports.

During January 1- February 28, the important shares in the exports and imports structure are owned by the products groups: transport machinery and equipments (48 percent at export and 37 percent at imports) and other manufacturing products ( 33.4 percent at export and 30.4 percent at imports).

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„In February the FOB exports were EUR 5.071 billion, the CIF imports were EUR 5.723 billion, resulting in a deficit of EUR 651.6 million. Compared with February 2016 the exports from February 2017 went up by 5.4 percent and the imports went up by 5.5 percent,” according to the INS release.