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Romania's trade gap widens 21% y/y in Jan-Sep

Romania's trade gap widens 21% y/y in Jan-Sep Romania's Constanta port

BUCHAREST (Romania), November 11 (SeeNews) - Romania's trade gap widened by 21% on the year to an estimated 12.045 billion euro ($13.29 billion) in the first nine months of 2019, the statistical office, INS, said on Monday.

Exports and imports rose by 2% and 5.1%, respectively, in the period January-September, INS said in a statement.

The European Union absorbed 76.7% of Romania's exports in the period under review, and accounted for 74.5% of the country's imports.

Machinery and transport equipment accounted for 47.4% of Romanian exports and 37.1% of imports, while other manufactured goods made up 32.2% of exports and 30.5% of imports.

In September alone, Romania's exports rose by 4.4% on the year, while imports jumped by an annual 7%.

Romania's trade deficit widened by an annual 17% to 15.1 billion euro in 2018.

($= 0.906 euro)