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Romania's trade deficit exceeds 7.1 billion euros in first quarter

May 22, 2022

- In March 2022, the FOB exports amounted to 8226.2 million euro and the CIF imports amounted to 10797.7 million euro, a commercial deficit of 2571.5 million euro being registered. - Compared to March 2021, the exports increased by 26.0% and the imports increased by 22.9% in March 2022. - In the period 1.I-31.III 2022, the FOB exports amounted to 22035.3 million euro and the CIF imports amounted to 29203.7 million euro. - In the period 1.I-31.III 2022, the exports increased by 24.4% and the imports increased by 26.7%, compared to the period 1.I-31.III 2021. - In the period 1.I-31.III 2022, the FOB-CIF commercial deficit was of 7168.4 million euro, 1830.5 million euro more than in the period 1.I-31.III 2021.   The trade deficit between January 1 and March 31, 2022 was 7.168 billion euros, by 1.830 billion euros higher than in the same period of last year, according to the National Institute of Statistics (INS).During the analyzed period, the exports were worth 22.035 billion euros, being higher by 24.4%. At the same time, imports amounted to 29.203 billion euros, up 26.7%.Romanians imported cars and transport equipment the most, worth 9.554 billion euros, by 11.5% more than last year.The largest exports were also in the category of transport machinery and equipment (9.463 billion euros, up 7.8%).As of March 2022, exports amounted to 8.226 billion euros and imports to 10.797 billion euros, resulting in a deficit of 2.571 billion euros.Compared to March 2021, exports in March 2022 increased by 26.0% and imports were higher by 22.9%. 

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