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Nov 09, 2007 10:23 EEST
November 9 (SeeNews) - Romania's trade gap for the first nine months of 2007 widened by 57.8% from the year-ago period to 15.074 billion euro ($22.18 billion), the country's statistics board (INS) said on Friday.
FOB (free-on-board) exports rose to 21.4 billion euro through September, while CIF (cost-insurance-freight) imports surged to 36.5 billion, the INS said in a statement. CIF figures, unlike the FOB ones, include the price of insurance and transport of goods.
The European Union, which Romania joined on January 1, was the country's main trade partner in the nine months to September, accounting for 71% of total imports and 72% of exports.
Romania's trade deficit calculated on a FOB/FOB basis expanded by 50.6% last year to 11.76 billion euro, fuelled by a strong appreciation of the leu currency versus the euro.
Details follow (in millions of euro, y/y pct change in brackets):
($ = 0.6796 euro)
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