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Romanian Jan-Oct Trade Gap Narrows To EUR7.86B

Romania’s trade deficit narrowed in the first ten months to EUR7.86 billion from EUR20.17 billion in the same period the year before, the National Statistics Institute said Thursday.
Romanian Jan-Oct Trade Gap Narrows To EUR7.86B
10 dec. 2009, 10:05, English

Exports were down 18.1% on the year to EUR23.9 billion in January-October, while imports fell 35.7% to EUR31.76 billion year-on-year.

In October alone, Romania’s trade deficit was of EUR904 million, compared with EUR2.19 billion in the same month a year earlier.

Exports were at EUR2.7 billion in October, up by 4.3% compared with September, but down by 17.05% from the same month the year earlier.

Imports fell 1.7% on the month to EUR3.61 billion in October and were down 33.76% on the year.

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

Romania’s trade deficit was up 3.4% in 2008 to EUR22.5 billion, from EUR21.7 billion in 2007, with the exports growing last year at a higher pace than imports.