Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Trade deficit down by 15.1 pct in 2023,...

Trade deficit down by 15.1 pct in 2023, year-over-year

March 10, 2024

Romania's FOB/CIF trade balance deficit was 28.947 billion euros, in 2023, 5.142 billion euros lower (-15.1%) than in 2022, according to data from the National Institute of Statistics published on Friday.In 2023, FOB exports totalled 93.098 billion euros, up 1.3%, while CIF imports totalled 122.045 billion euros, down 3.2% compared to 2022.The product groups with a significant share of the country's trade in the reporting period were: machinery and transport equipment (44.8% for exports and 36.8% for imports) and other manufactured products (29.8% for exports and 28.7% for imports).Intra-EU27 trade exchanges amounted to 67.574 billion euros on the outbound and 89.500 billion euros on the inbound, accounting for 72.6% of total exports and 73.3% of total imports.Extra-EU27 trade exchanges in 2023 amounted to 25.523 billion euros in exports and 32.544 billion euros in imports, representing 27.4% of total exports and 26.7% of total imports.  

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/trade-deficit-down-by-15.1-pct-in-2023-year-over-year/107148
Read in full - click here
Romanian film review – Open Airs for the Summer

Traditionally, summer has always generated new, alternative spaces for showing films, and generally more diverse screenings: documentaries, fiction, hybrid, features, many shorts. We have already covered some for you

Romanian state airline Tarom foresees profit in 2024, the first time since 2007

Tarom, the state-owned Romanian airline, estimates that it will register a net profit of RON 278 million (EUR 55.9 million) in 2024, after losses of RON 99.4 million (EUR 20 million) in 2023, according to this year’s revenue and expenditure budget. The company has been losing money since 2007.  The airline’s management states in the budget […]

Dacia and Ford car factories in Romania up production

Dacia and Ford produced 292,378 cars in Romania in the first six months of the year, an increase of 8.66% compared to the same period in 2023, when 269,088 units were produced, according to data published on Friday by ACAROM – the Romanian Automobile Manufacturers Association cited by Economedia. ...

Romanian prime minister Marcel Ciolacu talks Schengen with Hungay’s Viktor Orban

Romanian prime minister Marcel Ciolacu met with Hungarian counterpart Viktor Orban on Friday, July 26. The main discussion topics were the Budapest–Bucharest high-speed train and Romania’s full accession to the Schengen Area. "Today I had a pragmatic discussion with the prime minister of Hungary, Mr. Viktor Orban, on topics of mutual interest regarding our bilateral […]

World Bank approves EUR 600 mln loan to Romania

The Executive Directors of the World Bank Group have approved a Development Policy Loan for Romania amounting to EUR 599.1 million, with a dual focus on economic and environmental sustainability.  The loan will allow Romania to make reforms aimed at strengthening the country's fiscal framework, promoting green and inclusive economic growth, and stimulating private-sector investment.  […]

Indulge in the ultimate luxury: Live cooking stanchions at JW Marriott Bucharest’s legendary Sunday Brunch

Savor chef-crafted masterpieces at live stations while enjoying the beats of our live DJ. For over 20 years, JW Marriott Bucharest Grand Hotel has been the top brunch spot in Bucharest. Every Sunday from 12:30 PM, JW Steakhouse offers a gourmet haven with an extensive menu featuring USDA beef, seafood, French cheese, Italian pasta, and […]