Trade deficit rises by 1.05bn euro into first 9 months

The trade deficit (FOB / CIF) rose to 9.95 billion euro, after the first nine months of this year, up by more than 1.05 billion euro compared to the one recorded in January - September last year. 

According to the data released on Friday by the National Institute of Statistics, FOB exports totaled 50.85 billion euro, after a 9.1pct increase over the same period of last year, and CIF imports were worth 60.79 billion euro, an increase of 9.5pct. 

In September 2018, FOB exports amounted to 5.84 billion euro, and CIF imports amounted to 6.81 billion euro, resulting in a deficit of 970.9 million euro. Compared to September 2017, exports in September 2018 increased by 5.1pct and imports increased by 3.4pct. 

In the first nine months of this year, important shares in the structure of exports and imports were held by the product groups: machinery and transport equipment (47.4pct for export and 37.9pct for import) and other manufactured products (32.3pct pct export and 30.7pct for import respectively). 

The value of intra-EU28 trade in goods between January and September was 38.98 billion euro for export and 45.47 billion euro for import, representing 76.7pct of total exports and 74.8pct of total imports. 

The value of extra-EU28 trade in goods during the same period was 11.87 billion euro for exports and 15.33 billion euro for imports, accounting for 23.3pct of total exports and 25.2pct of total imports.