Exports and imports have practically the same share

In the first ten months of this year, the trade balance deficit (FOB/CIF) was 23.2 billion €, down 18.4% compared to the same period last year. FOB exports reached €78.7 billion, up 2.4%, while CIF imports totalled €101.9 billion, up 3.2%.

Machinery and transport equipment, as well as other manufactured products, had significant shares in the structure of exports and imports, making a major contribution to trade, according to data published by the National Institute of Statistics

Intra-EU27 trade in goods accounted for 72.7% of total exports and 73.3% of total imports between January and October 2023. The value of extra-EU27 trade in goods accounted for 27.3% of total exports and 26.7% of total imports in the same period.

In October, FOB exports were 8.4 billion euro and CIF imports reached 11.2 billion €, generating a deficit of 2.8 billion €. Compared to October 2022, exports increased by 5.6%, while imports decreased by 1.5%.

These figures give a picture of the evolution of Romania's foreign trade and the impact on the trade balance.