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Trade balance deficit: 7.577 billion euro in the first seven months
10 September 2018, 12:30 PM

By Edwig Ban
Romania recorded in the first seven months of the year a trade balance deficit of 7.577 billion euro, up 766.5 million euro compared to the one recorded in the similar period of 2017, shows data with the National Institute of Statistics (INS), made public on Monday.
According to statistical data, between 1 January and 31 July 2018, FOB exports totaled 39.878 billion euro, up 10.4% compared to the first seven months of the previous year and CIF imports totaled 47.455 billion euro, 10.5% higher than the reference period.
Between January 1 and 31 July, 2018, important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (48.1% for exports and 38.1% for imports) and other manufactured products (32.5% for exports and 30.8% for imports respectively).
According to the INS data, the value of intra-EU trade in goods between 1 January and 31 July 2018 was 30.529 billion euro for exports and 35.620 billion euro for imports, representing 76.6% of total exports and 75.1% of total imports.
On the other hand, the value of extra-EU28 goods exchanges in the reference period was 9.348 billion euro for exports and 11.834 billion euro for imports, accounting for 23.4% of total exports and 24.9% of total imports.
In July 2018, FOB exports totaled 5.9 billion euro, up 12.9% from July 2017, and CIF imports advanced by 15.4% to 7.173 billion euro, resulting in a deficit of 1.272 billion euro.
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