July 11 (SeeNews) - Romania’s trade deficit rose by 3.9 billion euro year-on-year in the first five months of 2022 to an estimated 12.74 billion euro ($12.9 billion), the country’s statistical office, INS, said on Monday.
Exports increased by an annual 23.5%, while imports increased by 28.1% on the year in January-May, the INS said in a statement.
The European Union absorbed 73.2% of Romania’s exports in the aforementioned period, and accounted for 71.1% of the country’s total imports.
Machinery and transport equipment accounted for 42.7% of Romania’s exports and 32.5% of imports, while other manufactured goods made up 31.3% of exports and 29.6% of imports over the first five months of 2022.
Romania's trade gap widened by 29% on the year to an estimated 23.7 billion euro in 2021.
($=0.9882 euro)