The trade deficit (FOB/CIF) in the first eight months of this year stood at 18.228 billion euros, down 17.2%, or 3.782 billion euros, compared to the same period in 2022, according to data the National Institute of Statistics (INS) released on Tuesday.In the period January 1 - August 31, 2023, FOB exports totalled 62.169 billion euros and CIF imports totalled 80.396 billion euros. According to the INS, exports increased 3.1% and imports decreased 2.3% compared to the period January 1 - August 31, 2022.In the first eight months of 2023, important shares in the structure of exports and imports are held by the following product groups: transport machinery and equipment (44.5% for exports and 36.1% for imports) and other manufactured products (30.3% for exports and 29.1% for imports).On the other hand, in food and live animals, with a share of 7.9% in total exports, Romania exported goods worth 4.918 billion euros, down 7% compared to the period January 1 - August 31, 2022, but imported 13.3% more, namely 7.137 billion euros (a share of 8.9% in total imports).A 13.6% increase was recorded in the first eight months of the year in the import of beverages and tobacco (790.3 million euros), but exports were higher by 35.6%, standing at 1.454 billion euros.In August 2023, FOB exports amounted to 7.079 billion euros and CIF imports amounted to 9.712 billion euros, resulting in a deficit of 2.633 billion euros. Compared to the same month in 2022, exports in August 2023 decreased 7.1% and imports went down 10.5%.The value of intra-EU27 trade in goods in the eight months of 2023 was 45.058 billion euro in shipping and 58.892 billion euro in arrivals, accounting for 72.5% of total exports and 73.3% of total imports.The value of extra-EU27 trade in goods between January 1 and August 31, 2023, was 17.111 billion euros in exports and 21.505 billion euros in imports, representing 27.5% of total exports and 26.7% of total imports.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
