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Foreign trade: Exports and imports grow, but also the trade deficit
10 October 2017, 3:03 PM

By Costin Buradu
The exports of Romanian goods rose in August by 10.7%, to 4.92 billion euros, rising over that of imports, but the trade deficit continued to increase, according to the data published on Tuesday by the National Institute of Statistics (INS).
The imports advanced 9.3% in August from the same month last year to 5.98 billion euros.
Following this development, Romania's trade deficit was 1.06 billion euros in August, up 3.9% from the same month last year.
The trade deficit at eight months was 7.88 billion euros, up 28.3% over the same period last year. The rhythm is lower than in the first seven months, 33.2%.
Between January and August 2017, exports amounted to € 41.02 billion and imports were € 48.91 billion.
The value of intra-EU trade 28 of goods in the first eight months was EUR 31.08 billion for exports and EUR 37 billion for imports, accounting for 75.8% of total exports and 75.7% of total imports.
The value of extra-EU28 goods exchanges over the same period was 9.942 billion euros for exports and 11.91 billion euro for imports, accounting for 24.2% of total exports and 24.3% of total imports.
Important weightings in the structure of exports and imports are held by product groups: the transport machinery and equipment (46.8% for export and 37.1% for imports) and other manufactured products (33.6% for export and 30.7% respectively % on import).
In 2016, exports rose 5.1% year-on-year to 57.39 billion euros, while imports rose by 7% to 67.34 billion euros. The trade deficit in 2016 was 9.96 billion euros, up 19% from 2015.

: 0 : : 0.0/0 Tags: Trade deficit, imports, Grow, romania, Exports
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