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Trade balance deficit widens to over 3.7 billion euros, Jan.-April, 2018
11 June 2018, 6:28 PM

By Edwig Ban
Romania's FOB/CIF trade balance deficit increased in the first four months of the year to 3.727 billion euros, up 379.3 million euros over the similar period of 2017.
According to data with the National Institute of Statistics (INS) released on Monday, between January 1 and April 30, 2018, FOB exports amounted to 22.222 billion euros against CIF imports of 25.949 billion euros.
As far as exports are concerned, they increased by 9.7% in the first four months of 2018, and imports by 10, both y-o-y.
Important shares in the composition of Romania's imports and exports were held by transport machinery and equipment (48.3% of exports and 37.3% of imports) and other manufactured products (32.3% of exports and 30.7% of imports).
The value of intra-EU28 trade in goods between January 1 and April 30, 2018 was 17,071 billion euros for shipments and 19,649 billion euro for imports, making up 76.8% of total exports and 75.7% of total imports.
The value of extra-EU28 trade in goods in the first four months of 2018 was 5.151 billion euros for exports and 6.3 billion euros for imports, accounting for 23.2% of total exports and 24.3% of total imports.
In April 2018, FOB exports totalled 5.234 billion euros, against CIF imports amounting to 6.246 billion euros, which gave a deficit of 1.011 billion euros.
As against April 2017, April 2018 exports increased by 9.7%, and imports advanced 7.3%.
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