Romania Jan-June Trade Gap Widens To EUR4.7B

Romania’s trade deficit widened to EUR4.7 billion in the first half of the year, from EUR4.68 billion in the same period a year earlier, the National Statistics Institute said Monday.

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Exports rose 25.8% on the year to EUR17.16 billion, while imports were up 19.3% to EUR21.8 billion.

Vehicles made up for the bulk of exports and imports in January-June, amounting to 43.2% of overall exports and 35% of the imports, the data showed.

In June alone, Romania's trade deficit was of EUR889.5 million, wider from EUR756 million in the year-earlier period.

Exports were at EUR3.3 billion in June, up 10.3% from the previous month, while imports rose 5.7% to EUR4.2 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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