Romania’s trade deficit reaches 4.46 billion Euro in Q1

Romania’s Q1 2020 trade balance deficit reached 4.46 billion Euro, up 732.4 million on Q1 2019, shows data with the National Institute of Statistics (INS) released on Monday.

Official statistics also show that between January 1 and March 31, 2020, FOB exports amounted to 17.07 billion Euro and CIF imports amounted to 21.53 billion Euro. During the same period, exports decreased by 2.6 percent and imports increased by 1.3 percent, compared to the same period of the previous year.

INS data show that in March 2020, FOB exports amounted to 5.44 billion Euro, and CIF imports amounted to 7.3 billion Euro, resulting in a deficit of 1.86 billion Euro. As against March 2019, March 2020 exports decreased by 11.3 percent, and imports decreased by 1.8 percent.

In Q1 2020, important shares in the structure of exports and imports were held by machinery and transport equipment (48.3 percent of exports and 36.2 percent of imports) and other manufactured products (30.1 percent of exports and 29.3 percent of imports).

The value of intra-EU trade between January 1 and March 31, 2020 was 12.34 billion Euro worth of dispatches and 15.83 billion Euro worth of arrivals, making up 72.3 percent of total exports and 73.5 percent of total imports.

The value of non-EU trade between January 1 and March 31, 2020 was 4.73 billion Euro worth of exports and 5.7 billion worth of imports, making up 27.7 percent of total exports and 26.5 percent of total imports.

Via Agerpres