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Romania’s trade gap shrinks by 18.3% y/y in Q4 as austerity moderates imports
Romania’s chronic deficit of trade in goods contracted by 18.3% y/y to EUR 8.1 billion in Q4, as the imports shrank by 2.4% y/y to EUR 32.5 billion, dragged down by the austerity measures compressing consumption and placing public budget…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s chronic deficit of trade in goods contracted by 18.3% y/y to EUR 8.1 billion in Q4, as the imports shrank by 2.4% y/y to EUR 32.5 billion, dragged down by the austerity measures compressing consumption and placing public budget constraints. Exports, in contrast, rose by 4.4% y/y to EUR 24.4 billion.
The trade deficit narrowed by 18.3% y/y to EUR 8.1 billion.
