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Dec 11, 2017 11:26 EEST
December 11 (SeeNews) - Romania's trade deficit increased by 29% year-on-year to an estimated 10.2 billion euro ($11.9 billion) in the first ten months of 2017, the country's statistical office, INS, said on Monday.
Exports rose by 9.6%, while imports grew 12.4% on the year in January-October, INS said in a statement.
The European Union absorbed 75.9% of Romania's exports and provided the same share of the country's imports in the period under review.
Machinery and transport equipment contributed 46.5% of Romania's exports and 37.2% of the country's imports in the first ten months of 2017, while other manufactured goods made up 33.5% of exports and 31% of imports.
In October alone, Romania's exports rose 13.3% on the year, while imports increased 16.7% compared to the corresponding month of 2016.
Romania's trade gap widened to 9.95 billion euro in 2016 from 8.36 billion euro in the previous year.
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