Romania’s trade balance deficit, up by 935.7 million euros in first six months of 2020
Romania’s trade balance deficit reached 8.665 billion euros in the first six months of the year, up by 935.7 million euros as compared to the one recorded January 1 to June 30, 2019, shows data published on Monday by the National Institute of Statistics (INS).
According to the cited source, between January 1 and June 30, 2020, FOB exports amounted to 28.590 billion euros, and CIF imports to 37.255 billion euros.
Between January 1 and June 30, 2020, exports decreased by 18.1% and imports by 12.6%, compared to the same period in 2019.
According to the INS, in June 2020, FOB exports totaled 4.843 billion euros, and CIF imports amounted to 6.164 billion euros, resulting in a deficit of 1.321 billion euros. Compared to June 2019, exports in June 2020 went down by 12.9%, and imports by 7.9%.
Between January 1 and June 30, 2020, important shares in the structure of exports and imports were held by the following product groups: transport machinery and equipment (46.6% for exports and 35.6% for imports) and other manufactured products (31% for export and 30% for import, respectively).
The value of intra-Community (intra-EU27) trade in goods in the first six months of this year was 20.827 billion euros worth of dispatches and 27.195 billion euros worth of arrivals, making up 72.8% of total exports and 73.0% of total imports.
The value of non-EU27 trade in goods between 1 January and 30 June 2020 was 7.762 billion euros in exports and 10.059 billion euros in imports, making up 27.2% of total exports and 27% of total imports.