Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. The  trade balance deficit, up over 4.3bn euros...

The  trade balance deficit, up over 4.3bn euros in first 10 months

January 11, 2022

- In October 2021, the FOB exports amounted to 6547.5 million euro and the CIF imports amounted to 9013.3 million euro, a commercial deficit of 2465.8 million euro being registered. - Compared to October 2020, the exports increased by 4.6% and the imports increased by 11.8% in October 2021. - In the period 1.I-31.X 2021, the FOB exports amounted to 61079.4 million euro and the CIF imports amounted to 80288.5 million euro. - In the period 1.I-31.X 2021, the exports increased by 19.6% and the imports increased by 21.8%, compared to the period 1.I-31.X 2020. - In the period 1.I-31.X 2021, the FOB-CIF commercial deficit was of 19209.1 million euro, 4349.5 million euro more than in the period 1.I-31.X 2020.   Romania's trade balance deficit (FOB / CIF) amounted to 19.209 billion euros in the first 10 months of the year, up by 4.349 billion euros compared to the same period in 2020, show data from the National Institute of Statistics (INS), published on Friday.According to the INS, in October 2021, FOB exports amounted to 6.547 billion euros, and CIF imports amounted to 9.013 billion euros, resulting in a deficit of 2.465 billion euros.Compared to October 2020, exports in October 2021 increased by 4.6% and imports by 11.8%.Between 1 January and 31 October 2021, FOB exports amounted to 61.079 billion euros and CIF imports amounted to 80.288 billion euros. Between 1 January and 31 October 2021, exports increased by 19.6% and imports increased by 21.8% compared to the same period in 2020.According to the INS, between January 1 and October 31, 2021, important shares in the structure of exports and imports are held by product groups: transport machinery and equipment (45.2% for export and 35.5% for import) and other manufactured products (30.7% for exports and 30.3% for imports).The value of intra-EU trade in goods between January 1 and October 31, 2021 was 44.347 billion euros in shipments and 58.333 billion euros in introductions, representing 72.6% of total exports and 72.7% of total imports.The value of non-EU27 trade in goods between 1 January and 31 October 2021 was 16.731 billion euros in exports and 21.954 billion euros in imports, accounting for 27.4% of total exports and 27.3% of total imports.

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/the-trade-balance-deficit-up-over-4.3bn-euros-in-first-10-months/95402
Read in full - click here
TikTok launches Election Center ahead of Romania’s May presidential vote

TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]

Romanian interim president meets with OSCE election observation mission

Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]

Shareholders of Romanian oil giant OMV Petrom approve record dividends for 2025

Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]

European Film Festival reaches ten cities in Romania for 29th edition

The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]

Update: Russian security service says it arrested Romanian man for spying for Ukraine

Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]

Russian security service says it arrested Romanian man for spying for Ukraine

Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]