Romania's trade deficit narrows for second month in June
Romania's trade deficit has contracted by 15% y/y to under EUR 2.4 billion in June after the 8% y/y decline in May, driven by a moderate (+0.6% y/y) rise of imports and a reasonable (+6.3% y/y) rise of exports.
iulian ernst · Journalist
· Updated · 2 min read
Romania's trade deficit has contracted by 15% y/y to under EUR 2.4 billion in June after the 8% y/y decline in May, driven by a moderate (+0.6% y/y) rise of imports and a reasonable (+6.3% y/y) rise of exports.
The cautious private and public consumption has visibly impacted imports. But the lower crude oil prices in Q2 this year and the milder winter season, leaving more natural gas reserves, helped, besides cautious private and public demand, the compression seen in the country's chronic trade gap.
