Romania’s exports totaled EUR 23.75 billion in the first five months of 2020, representing a decrease of 19% compared to the same period last year, according to data released by the statistics office (INS). Meanwhile, the imports dropped by 13.5%, to EUR 31.09 billion. 

The trade deficit in the first five months of the year thus widened by EUR 742.3 million (or 9.75% year-on-year), to EUR 7.34 billion, Economica.net reported.

In May 2020, the exports totaled EUR 3.75 billion, while the imports amounted to EUR 5 billion. This resulted in a trade deficit of EUR 1.25 billion, the same data showed.

Between January 1 and May 31, 2020,  important shares in the structure of exports and imports were held by transport machinery and equipment (46.3% for export and 35.2% for import) and other manufactured products (30.9% for export and 29.9% for import).

newsroom@romania-insider.com

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