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Romania ends 2023 with new record trade gap in December

February 12, 2024

Romania’s trade deficit narrowed by 15% y/y to EUR 28.9 billion in 2023, and the gap-to-GDP ratio narrowed from 11.9% in 2022 (the widest value in the past decade) to 9.1% in 2023 (preliminary estimate), according to data published by the statistics office INS.

But December showed a different picture: the widest trade gap (nominally) in the past decade as well (EUR 3.43 billion, +11% y/y).

Whether the sudden deterioration of Romania’s external balance in December heralds a change...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-record-trade-gap-december-2023
Read in full - click here
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