Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Seven-month trade deficit at almost 13 bln euros

Seven-month trade deficit at almost 13 bln euros

October 7, 2021

- In the period 1.I-31.VII 2021, the FOB exports amounted to 42511.3 million euro and the CIF imports amounted to 55375.7 million euro. - In the period 1.I-31.VII 2021, the exports increased by 24.5% and the imports increased by 25.4%, compared to the period 1.I-31.VII 2020. - In the period 1.I-31.VII 2021, the FOB-CIF commercial deficit was of 12864.4 million euro, 2858.3 million euro more than in the period 1.I-31.VII 2020. - In July 2021, the FOB exports amounted to 6361.5 million euro and the CIF imports amounted to 8547.1 million euro, a commercial deficit of 2185.6 million euro being registered. - Compared to July 2020, the exports increased by 14.6% and the imports increased by 24.3% in July 2021.   Romania's FOB/CIF seven-month trade balance deficit widened to 12.864 billion euros, by 2.858 million euros more from the year-ago period, as imports advanced 25.4 percent and exports 24.8 percent, according to data released on Thursday by the National Institute of Statistics (INS).January - July FOB exports totaled 42.511 billion euros, and CIF imports stood at 55.376 billion euros.In July 2021, FOB exports amounted to 6.361 billion euros, and CIF imports stood at 8.547 billion euros, resulting in a trade deficit of 2.186 billion euros. Compared to July 2020, exports were up 14.6 percent and imports were 24.3 percent higher.The product groups with a significant share of the country's trade in the reporting period were machines and transport equipment (47.5 percent for exports and 36.4 percent for imports) and other manufactured products (30.5 percent for exports and 30.2 percent for imports, respectively).The value of intra-Community (intra-EU27) trade exchanges over January 1 - July 31 2021 was 31.347 billion euros on the outbound and 40.424 billion euros on the inbound, representing 73.7 percent of total exports, and 73.0 percent of aggregate imports, respectively.The amount of extra-Community exchanges of goods over the fist seven months of 2021 was 11.164 billion euros for exports and 14.952 billion euros for imports, representing 26.3 percent of total exports and 27 percent of total imports.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/seven-month-trade-deficit-at-almost-13-bln-euros/94032
Read in full - click here
Junot Díaz, Tracy Chevalier, Michel Bussi: Iași literature festival announces first guests at 2025 edition

Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]

A Taste of Nature: Michelin-Starred Chef Theodor Falser brings his culinary artistry to JW Marriott Bucharest

Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]

Government: IMF backs Romania’s fiscal measures, sees 1% GDP growth in 2025

The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]

Romanian theater stages robot-only performance exploring technology and e-waste

The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]

Emmy Stoel appointed as the new General Manager of InterContinental Athénée Palace Bucharest

With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]

Update: Six knives found on woman trying to enter Romanian Parliament

Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...