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The trade balance deficit is close to 9 billion euros
10 October 2018, 10:12 AM

By Theo Moreni
Romania's trade deficit increased in the first eight months of the year by 1.105 billion euros compared to the same period of 2017, reaching 8.978 billion euros, according to data from the National Institute of Statistics (INS), published on Wednesday.
According to the statistics, between 1 January and 31 August 2018, FOB exports totaled about 45 billion euros, up 9.7% compared to the first eight months of the previous year, while CIF imports increased by 10 , 4%, to 53.987 billion euros, relative to the reference range.
In the same period, a trade deficit (FOB / CIF) of EUR 8.978 billion, up by EUR 1,105 billion, was recorded over the period from January to August 2017.
Imports in the structure of exports and imports in the first eight months of this year are held by product groups: transport machinery and equipment (47.6% for export and 37.8% for imports) and other manufactured products (32, 4% for export and 30.6% for imports).
At August, FOB exports totaled 5.132 billion euros (+ 4.3% versus August 2017) and CIF imports 6.525 billion (+ 9%), resulting in a deficit of 1.393 billion euros.
According to the cited source, the value of intra-EU trade in goods between January 1 and August 31 was 34.395 billion euros for shipments and 40.291 billion euro for imports, equivalent to 76.4 percent of total exports and 74.6 percent % of total imports.
At the same time, the value of extra-EU trade 28 goods in the same reference period amounted to EUR 10.613 billion for exports (23.6% of the total) and EUR 13.695 billion for imports (25.4% of the total.
: 0 : : 0.0/0 Tags: trade, National Institute of Statistics(IN, deficit, romania
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