Romania’s trade deficit narrows, exports reach record level in October

Romania’s trade deficit was of EUR 643.4 million in October this year, down some EUR 467 million compared to same month in 2012, according to the recent data provided by the Statistics Office INS. The exports reached a record level of EUR 4.7 billion in October, according to INS’s preliminary estimations, a year-on-year increase of 12 percent. When compared to September 2013, the exports climbed 5.6 percent. The imports totaled EUR 5.3 billion in October 2013, close to the level of October 2012, but up 9.8 percent compared to the previous month. In the first ten months of the year, Romania’s trade deficit stood at EUR 4.8 billion, down EUR 3.5 billion compared to the same period in 2012. The exports totaled EUR 41.1 billion between January 1 and October 31, 2013, up 9.2 percent year-on-year, while imports dropped 0.1 percent. By group of products, an important share of the exports and imports was held by machinery and transport equipment - 42 percent of exports and 34.7 percent of imports, and other manufactured products - 33 percent of exports and 30.3 percent of imports. In 2012, Romania’s trade deficit was of EUR 9.5 billion, close to the level recorded the previous year. Irina Popescu, irina.popescu@romania-insider.com