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
Romania sends firefighters to Greece for wildfire response missions

Forty Romanian firefighters and eight fire trucks left for Greece on Wednesday, July 30, to participate in firefighting missions, the General Inspectorate for Emergency Situations said. Between August 1 and September 15, Romania will take part in the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) program aiming to support the Greek […]

TIFF Sibiu brings open-air screenings, meetings with Romanian filmmakers

The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]

Flyone adds route linking Bucharest to Munich

Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays.  This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]

Romania submits defense project proposals to European Commission for SAFE funding

The Romanian government has sent the European Commission a portfolio of projects for the development of the defense industry and the increase of military mobility. The proposals are meant to secure funding through the EU’s Security Action for Europe, or SAFE, initiative.  According to the government’s press release, “approximately 70% of the projects...

Electrica lists largest issue of green corporate bonds on the Bucharest Stock Exchange

Romanian electricity distributor and supplier Electrica listed the largest issue of green, corporate, and non-financial bonds on the Romanian capital market, reaching a total value of EUR 500 million, on July 30.  The bonds, with the stock symbol EL30E, are registered, non-convertible, unsecured, denominated in euro, have a nominal value of EUR 1,000 each, and […]

Romania events: Dracula Film Festival opens call for entries

Dracula Film Festival, the event dedicated to horror and fantasy film, has opened the call for entries in its four competition sections. The festival runs four competition: Dracula Trophy, an international feature film competition; Little Dracula, an international short film competition; Vladutz, a Romanian short film competition; and Dracula Digital, a competition dedicated to young […]