Romania's Q 1 2024 FOB / CIF trade deficit was EUR 6.699 billion, down 1.5% or EUR 103.3 million y-o-y according to data with the National Institute of Statistics (INS) published on Friday.In March 2024, the trade deficit was standing at EUR 2.548 billion.Statistical data indicate that Q1 2024 FOB exports amounted to EUR 22.946 billion and CIF imports amounted to EUR 29.645 billion, which means that exports declined 3.7% and imports 3.2% y-o-y.Important shares in the composition of the Q1 2024 exports and imports were held by machinery and transport equipment (47.7% of exports and 36.2% of imports) and other manufactured products (29.1% of exports and 27.9% of imports).The value of intra-EU27 trade in goods in Q1 2024 was EUR 16.840 billion worth of exports and EUR 21.937 billion worth of imports, making up 73.4% of total exports and 74% of total imports.The value of extra-EU27 trade in goods between in Q1 2024 was EUR 6.105 billion in exports and EUR 7.707 billion in imports, accounting for 26.6% of total exports and 26% of total imports.In March 2024, FOB exports amounted to EUR 7.904 billion and CIF imports to EUR 10.452 billion, which means a deficit of EUR 2.548 billion. March 2023 exports were down 9.8% and imports 6.7%, both y-o-y.According to INS, FOB/CIF trade balance is calculated against the FOB export value and CIF import value as difference between them. The negative value of the trade balance is called deficit, and the positive one is called surplus.FOB price (Free on Board) is the price at the border of the exporting country, which includes the value of the commodity, all transport expenditures to the shipping point as well as all the fees for the commodity to be loaded on board.CIF price (Cost, Insurance, Freight) is the price at the border of the importing country, including both components of FOB price and the cost of insurance as well as the cost of the international transport.
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
