Romania's FOB/CIF trade balance deficit in 2024 rose to EUR 33.393 billion, up EUR 4.4 billion euros (+15.3%) from 2023, according to data published on Monday by the National Institute of Statistics (INS).In December 2024, FOB exports amounted to EUR 6.581 billion, and CIF imports to EUR 9.916 billion, which gave a EUR 3.336 billion deficit.As against December 2023, Romania's exports in December 2024 increased by 7.1% while imports increased by 3.5%.In 2024, FOB exports fell by 0.4% to EUR 92.691 billion, while CIF imports increased by 3.3% to EUR 126.084 billion. Important shares in the composition of exports and imports are held by machinery and transport equipment (47% of exports and 36.4% of imports) and other manufactured products (28.5% of exports and 28.6% of imports).The value of intra-EU27 trade in goods in 2024 was EUR 66.721 billion in exports and EUR 90.883 billion in imports, making up 72% of total exports and 72.1% of total imports.The value of extra-EU27 trade in goods in 2024 was EUR 25.97 billion in exports and 35.201 billion euros in imports, making up 28% of total exports and 27.9% of total imports.The FOB (Free on Board) price is the price at the border of the exporting country, which includes the value of the goods, all transport costs to the point of embarkation, as well as all the taxes that the goods must bear in order to be loaded on board.At the same time, the CIF price (Cost, Insurance, Freight) is the price at the border of the importing country, which includes both the components of the FOB price and the cost of insurance and international shipment.
APADOR-CH, one of Romania’s oldest human rights organizations, has called on President Nicușor Dan to clarify how the state intends to combat disinformation without infringing on freedom of expression. In an open letter published on June 14, the organization raised concerns about the president’s recent statement that he would bring the issue of online disinformation […]
Romania’s state-owned passenger railway operator CFR Călători has warned that insufficient public service compensation for 2025, combined with declining revenues, may lead to significant disruptions in rail transport, the company said in a statement issued on June 13. The carrier stated that funding for the upcoming year is expected to fall below 2024 levels, creating […]
Romania's gross external debt (not including the loans contracted by FDI companies from parent groups) increased by 12% y/y or EUR 16.5 billion in 12 months to April 2025, according to data published by the National Bank of Romania. The gross external debt (GED) reached EUR 158.2 billion, equivalent to 44.7% of the country's GDP. […]
Romania’s nominal GDP has reached EUR 354 billion in 2024 and EUR 358 billion in the four quarters to March 2025, nearly tripling from EUR 125 billion in 2009. While often cited as evidence of rapid economic expansion, this 182% increase over 15 years significantly overstates the country’s real economic progress, according to our calculations. […]
Despite positive base effects in April 2025 after net foreign direct investments (FDI) outflows a year earlier, the cumulative net FDI in 12 months to April contracted by 17% y/y to EUR 5.40 billion (EUR 5.45 billion in gross terms), according to data published by the National Bank of Romania on June 13. Notably, the […]
The current account (CA) deficit in the 12 months to April 2025 increased by 46% y/y and reached EUR 33.4 billion, according to data published by the National Bank of Romania (BNR) on June 13. The CA deficit to GDP ratio reached 9.4%, from 7.1% in April 2024 and 8.4% in 2024. All the main […]
