Romanias July FOB trade deficit down by 15% y/y.

By bne IntelliNews September 12, 2011
Romanias FOB-based trade deficit narrowed by 15% y/y to EUR 296mn in July, according to calculations based on the statistics offices reports. While the exports growth eased to 12% y/y, imports decelerated even more abruptly to 9% y/y. Imports from outside the EU increased by 13% y/y, while those from the EU states were up by 8% y/y, paralleling the strengthening the diversification of the countries foreign trade on the exports side. Notably, while the trade balance with the EU states widened by 20% y/y to EUR 398mn in July, the trade balance with the non-EU states turned to a surplus of EUR 101mn in the month, reaching the highest trade surplus with these states in the 6 and a half years of available comparable data. Regarding the structure of imports in Jan-Jul, the overall 19% y/y rise occurred amid visible contraction of imports of automobiles and other transportation vehicles to 33.9% of the total in the period from 35.2% one year earlier.

Romanias July FOB trade deficit down by 15% y/y.

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