Jan - Aug trade balance deficit 1.1 bln euro wider at almost 9 bln euro

Romania's Jan - August trade balance deficit was up by 1.105 bln euro YoY to 8.978 bln euro, shows data released on Wednesday by the National Institute of Statistics (INS). 

According to the cited document, FOB exports totaled roughly 45 bln euro, up 9.7 pct compared to the first eight months of the year before, whereas CIF imports advanced 10.4 percent to 53.987 bln euro from the period of reference. 

The FOB/CIF trade balance deficit is 8.978 bln euro, by 1.105 bln euro higher than the figure registered over January - August 2017. 

The product groups with a significant share in the country's trade in the first eight months of this year are the following: machines and transport equipment (47.6 pct for exports and 37.8 pct for import), and other manufactured products (32.4 pct for exports, 30.6 pct for imports). 

In August this year FOB exports totaled 5.132 bln euro (+4.3 pct from August 2017), and CIF imports stood at 6.525 bln euro (+9 pct), resulting in a deficit of 1.393 bln euro. 

Intra-Community commodity exchanges over January 1 - August 31 amounted to 34.395 bln euro on the outbound and 40.291 bln euro on the inbound, accounting for 76.4 pct of total exports and 74.6 pct of total imports, respectively. 

Extra-Community exchanges in the same reporting period totaled 10.613 bln euro for exports (23.6 pct of the total), and 13.695 bln euro for imports (25.4 pct of the total).