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

February 27, 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 Government to ensure hot meals or food packs for 450,000 students every school day

Romania’s Government recently approved a set of measures ensuring that almost half a million children will receive a hot meal each day that they go to school. According to prime minister Marcel Ciolacu, the national program is aimed at reducing school dropout. "The government has approved the list of over 1,200 schools in Romania where […]

Construction started at Bucharest subway line to Otopeni Airport

Work has begun on the M6 line, which connects Bucharest's subway network to Otopeni Airport, according to Mihai Barbu, president of the Metrorex Administration Council. The new line will be funded by the Romanian Government, the EU, and a loan from the Japanese Government.  "Work has started on the Tokyo section, as we call the station […]

Social Democrats' Bucharest branch backs Gabriela Firea as candidate for mayor

Former Bucharest mayor Gabriela Firea has been chosen by the Bucharest branch of the Social Democratic Party, or PSD, as candidate for a new mandate as general mayor.  The decision of the Bucharest organization comes amid negotiations between PSD and PNL for nominating a joint candidate to compete with the current mayor, Nicușor Dan, an […]

Italian film festival Visuali Italiane holds Bucharest edition in March

Visuali Italiane, the festival dedicated to the latest Italian cinema productions, takes place between March 4 and 10 in Bucharest, at the Muzeul Țăranului Cinema. Twelve films have been selected for this year’s lineup, including award-winning productions, debuts, dramas with social implications, and documentaries with social impact. Palazzina Laf will run during the festival on Sunday, […]

New bill adopted by Romanian Parliament allows for the registration and deregistration of cars online

A new bill passed by the Romanian Parliament will allow Romanians to register and deregister their cars online, along with easing other bureaucratic processes. The law, which is currently headed to president Klaus Iohannis for promulgation, will let drivers fill in a set of data in an application for putting a car into circulation, deregistration, […]

Two Romanian citizens dead after Valencia apartment building fire

Two Romanian citizens died in the fire that swept through an apartment building in Valencia, Spain, last week, according to the Romanian Ministry of Foreign Affairs.  The ministry said the Spanish authorities notified the representatives of the Romanian Consulate in Castellon de la Plana that they had completed the victim identification process and confirmed the death […]