Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. The trade balance deficit increases over 3 billion...

The trade balance deficit increases over 3 billion euros in first eight months

November 10, 2021

- In the period 1.I-31.VIII 2021, the FOB exports amounted to 48184.7 million euro and the CIF imports amounted to 62787.0 million euro. - In the period 1.I-31.VIII 2021, the exports increased by 24.4% and the imports increased by 24.9%, compared to the period 1.I-31.VIII 2020. - In the period 1.I-31.VIII 2021, the FOB-CIF commercial deficit was of 14602.3 million euro, 3087.7 million euro more than in the period 1.I-31.VIII 2020. - In August 2021, the FOB exports amounted to 5672.0 million euro and the CIF imports amounted to 7401.3 million euro, a commercial deficit of 1729.3 million euro being registered. - Compared to August 2020, the exports increased by 23.3% and the imports increased by 21.1% in August 2021.   Romania's trade balance deficit (FOB / CIF) amounted to 14.602 billion euros in the first eight months of the year, up 3.087 billion euros from the same period last year, show the data of the National Institute of Statistics (INS), published on Monday.According to official statistics, between January 1 and August 31, 2021, FOB exports amounted to 48.184 billion euros, while the amount of CIF imports was 62.777 billion euros.In this context, Romania's exports increased by 24.4%, and imports by 24.9%, compared to the reference period analyzed by INS.Important shares in the structure of exports and imports are held by the product groups: transport machinery and equipment (46.7% for export and 36% for import) and other manufactured products (30.5% for export and 30.1% for import).The value of intra-EU trade in goods, between January and August 2021, was 35.134 billion euros for shipments and 45.694 billion euros for introductions, the equivalent of 72.9% of total exports and 72.8% of exports. total imports.Also, the value of extra-EU27 trade in goods was, in the mentioned interval, of 13.050 billion euros for exports, respectively 17.092 billion euros for imports, representing 27.1% of total exports and 27.2% of total imports.At the level of August this year, FOB exports amounted to 5.672 billion euros, and CIF imports 7.401 billion euros, resulting in a deficit of 1.729 billion euros. At the same time, compared to August 2020, exports in August 2021 increased by 23.3%, while imports increased by 21.1%.

Read in full - click here
The Bucharest Stock Exchange celebrated 30 years since its reestablishment with a series of anniversary events

On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape.  […]

Christmas Joy with the New Boromir Infused Cozonac with Pistachio

With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]

Romanian airline AnimaWings announces new holiday routes from Timișoara

Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA).  “We want Timișoara to become a reference point […]

Romania establishes October 29 as Queen Marie Day

President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]

Romanian authorities place extradited mercenary Horaţiu Potra under 30-day preventive arrest

Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]

President Nicușor Dan, PM Ilie Bolojan lead political trust survey among Bucharest residents

Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]