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Romania’s trade gap expands 41.5% y/y in Jan-Apr

Author Tudor Popescu
Romania’s trade gap expands 41.5% y/y in Jan-Apr Image: Romania's foreign trade statistics, April 2022.

BUCHAREST (Romania), June 9 (SeeNews) - Romania’s trade deficit rose by 2.93 billion euro year-on-year in the first four months of 2022 to an estimated 10 billion euro ($10.8 billion), the country’s statistical office, INS, said on Thursday.

Exports increased by an annual 20.7%, while imports increased by 25.5% on the year in January-April, the INS said in a statement.

The European Union absorbed 73% 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 42.6% of Romania’s exports and 32.5% of imports, while other manufactured goods made up 31.1% of exports and 29.7% of imports over the first four months of 2022.

Romania's trade gap widened by 29% on the year to an estimated 23.7 billion euro in 2021.

(1 euro = $1.0718)

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