Romania Jan-Aug Trade Gap Widens To EUR6.1B

Exports rose 25% on the year to EUR23.3 billion, while imports were up 19.5% to EUR29.4 billion.

Vehicles made up for the bulk of exports and imports in the January-August period, amounting to 42% of overall exports and 35% of the imports, the data showed.

In August alone, Romania's trade deficit was of EUR593.6 million, narrower from EUR743.8 million in the year-earlier month.

Exports were at EUR2.76 billion in August, up 25.2% on the year, while imports were up 13.7% to EUR3.35 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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