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Romania's trade gap widens 35% y/y in Jan-Apr

Romania's trade gap widens 35% y/y in Jan-Apr Romania's Constanta port

BUCHAREST (Romania), June 10 (SeeNews) - Romania's trade gap widened by 35% on the year to an estimated 5.038 billion euro ($5.675 billion) in the first four months of 2019, the statistical office, INS, said on Monday.

Exports and imports rose by 3.8% and 8.3%, respectively, in the period January-April, INS said in a statement.

The European Union absorbed 77.6% of Romania's exports in the period under review, and accounted for 75.2% of the country's imports.

Machinery and transport equipment accounted for 48% of Romanian exports and 36.9% of imports, while other manufactured goods made up 32% of exports and 30.3% of imports.

In April alone, Romania's exports rose 5.7% on the year, while imports increased 10.6%.

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

($=0.8876 euro)

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