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    BUCHAREST, (9 sep 2010)

    Romania Jan-July Trade Gap Widens To EUR5.36B

    Romania’s trade deficit widened to EUR5.36 billion in January to July, from EUR5.23 billion in the same period a year earlier, the National Statistics Institute said Thursday.

    Romania Jan-July Trade Gap Widens To EUR5.36B

    Exports rose 25% on the year to EUR20.5 billion, while imports were up 19.6% to EUR25.9 billion.

    Vehicles made up for the bulk of exports and imports in the January-July period, amounting to 42.9% of overall exports and 35.2% of the imports, the data showed.

    In July alone, Romania's trade deficit was of EUR624.4 million, wider from EUR552 million in the year-earlier month.

    Exports were at EUR3.34 billion in July, up 19.2% from the previous month, while imports rose 18.2% to EUR3.96 billion.

    Exports are calculated exclusive of costs, insurance and freight fees, but imports are calculated including such costs.

    Romania's trade deficit narrowed to EUR9.74 billion in 2009, from EUR23.51 billion a year earlier, with imports falling more rapidly than the exports.



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