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Trade deficit higher by almost 2.3 billion euro in first ten months
11 December 2017, 4:20 PM

By Emea Riga
The trade balance deficit (Free on Board - FOB/Cost, Insurance and Freight - CIF) in the first ten months of 2017 stood at 10.207 billion euro, higher by 2.298 billion euro compared to the period between 1 January and 31 October 2016, according to the data published on Monday by the National Institute of Statistics (INS).
According to the quoted source, between 1 January and 31 October 2017, exports and imports increased by 9.6 percent, 12 percent respectively, compared to the similar period of 2016.
FOB exports totalled over 52.360 billion euro and CIF imports stood at 62.567 billion euro.
In October 2017, FOB exports totalled over 5.761 billion euro and CIF imports stood at 7.079 billion euro, the resulting deficit amounting to 1.318 billion euro.
Compared to October 2016, in October 2017 exports increased by 13.3 percent and imports went up by 16.7 percent.
The value of extra-community exchanges of goods (Extra-EU28) in the period January - October 2017 stood at 39.717 billion euro in exports and 47.483 billion euro in imports, representing 75.9 percent of the total exports and imports.
The value of extra-community exchanges of goods (Extra-EU28) in the reference period stood at 12.643 billion euro in exports and 15.084 billion euro in exports, accounting for 24.1 percent of the total exports and imports.
In the period between 1 January and 31 October, significant shares in the structure of exports and imports are held by the following groups of products: cars and transport equipment (46.5 percent in exports and 37.2 percent in imports) and other manufactured products (33.5 percent in exports and 31.0 percent in imports).

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