Exports and imports, still on the rise in 2015. Trade deficit narrows

Romania’s exports increased by 6.4 percent year-on-year in January 2015, while imports had a lower growth rate of 4.1 percent, leading to a trade deficit of 176.4 million euro, 76.2 million euro smaller compared to the previous year, announces the National Institute of Statistics (INSSE).

According to the preliminary estimations corresponding to the first month of the year, the value of exports totaled 4.2 billion euro. At the same time, the value of imported goods came to nearly to 4.4 billion euro.

In January 2015, compared to the previous month, exports level rose by 10.2 percent, whilst the value of imports fell by 4 percent. The structure of exports and imports has been influenced substantially by the following groups of products: transport equipment and vehicles (44.2 pct of exports and 38 pct imports) and other manufactures products (34 pct of exports and 31.2 pct of imports).

Intra-community trade (Intra EU28) in the first month of the year accounted for 74.2 percent of the total exports, deliveries amounting to about 3.1 billion euro (153.9 billion lei) and represented 77.5 percent of the total imports whose cumulated value added up to approximately 3.4 billion euro.

The extra-community trade had a smaller share in exports and imports – deliveries represented 25.8 percent of the total exports, thus coming to almost 1.1 billion euro and the arrivals, in the amount of 982 million euro, 22.5 percent of the imports.