Trade deficit, down 40% between January – September 2013

Following the growth registered by exports and the decrease of imports over the first eight months of the last year, INS (National Institute of Statistics) reports a fall of 40 per cent in trading deficit.

FOB (Free On Board) Exports in the January 1st -August 31st 2013 period amounted over EUR32 billion (RON141 billion), with 7.9% (7.5%) over the same period of 2012. On the other hand, CIF (Cost, Insurance & Freight) imports showed a decrease reaching about EUR35.8 billion (RON157 billion), down 0.8% considering the euro amount and down 1.3% comparing the RON imports value to the same interval in 2012.

Thus, trade deficit FOB-CIF reached approximately EUR3.8 billion (RON16 billion), 40% lower than the one registered within the first eight months of the past year when the reports showed a deficit of almost EUR6.5 billion (RON28.4 billion).