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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Russia’s war economy boosted by rising oil prices
    7 days ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    6 days ago
  4. Iran vs Israel: Who is better equipped for war?
    10 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    28 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    26 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss