Romania’s trade deficit widens in first quarter

exports

Romania’s exports increased by 9.8% in the first quarter of this year compared to the same period of last year, to almost EUR 17 billion. However, imports continued to grow at a faster pace, namely 10.8%, reaching EUR 19.7 billion.

The trade deficit thus widened by 18%, to EUR 2.71 billion, according to data from the National Statistics Institute (INS).

Exports to the EU increased by 10.6% in the first quarter, reaching EUR 13 billion, while imports from EU countries went up 9.9%, to EUR 14.85 billion.

In March, the exports went up by 6.6%, to EUR 6.1 billion, while imports grew by 5.8%, to EUR 7.16 billion, thus leasing to a trade deficit of EUR 1.06 billion.

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