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
Romanian Youth Orchestra to perform alongside Orchestre Nationale de France in Paris concert

The Romanian Youth Orchestra and the Orchestre National de France, conducted by Cristian Măcelaru, will perform on November 20 at the Radio France Auditorium in Paris.  The soloists will be Maria Marica, winner of the 2022 George Enescu International Violin Competition, and Luc Héry, concertmaster of the Orchestre National de France.  The program covers works […]

Over 100 Companies and 135 Speakers Take the Stage at GoTech World 2025 on November 11–12 with Technologies and Ideas That Are Transforming the Digital Economy

“The Cello Robot” – a Special Artistic Moment at GoTech World 2025 – Blends Art and Technology in a Spectacular Performance GoTech World 2025, the largest B2B expo-conference for IT and digital solutions in Central and Eastern Europe, takes place on November 11–12 at Romexpo, Pavilion B1, bringing together over 100 exhibiting companies that will […]

Russian drone falls on Romanian territory while weather keeps fighter jets grounded

A Russian drone fell on Romanian territory, in the Grindu area of Tulcea County, approximately 5 km from the border with Ukraine, on the night of Monday to Tuesday, November 10 to 11. The incident was condemned by the Romanian Foreign Ministry, while the president labeled it “an accident.” The drone was most likely part […]

Henri Matisse's La Blouse Roumaine to feature in Bucharest exhibition exploring depictions of traditional dress

More than 320 items, from the collections of the National Museum of Art of Romania (MNAR), various national and international museums, and private collections, will be included in the exhibition "Romania- Identity Representation of Traditional Dress in Art" ("România – reprezentarea identitară a portului popular în artă"). The exhibition, scheduled to open at MNAR on […]

Romania’s Banca Transilvania consolidates leader position, profit up despite banking tax

The net profit of Banca Transilvania, Romania’s largest bank, at the end of September 2025, was RON 2.92 billion (EUR 574 million), 7.9% more than the same period in 2024, a dynamic mainly impacted by the increase of the banking tax, according to the results released on Monday, November 10. Banca Transilvania financed companies with RON 16 billion (EUR 3.15 billion), and the general population […]

Romania criminalizes helping companies, individuals on list of sanctions against Russia

Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]