Romanian Jan-Sept Trade Gap Narrows To EUR6.93B

Exports were down 18.2% on the year to EUR21.18 billion in January-September, while imports fell 36% to EUR28.11 billion year-on-year.

In September alone, Romania’s trade deficit was of EUR1.05 billion, compared with EUR2.54 billion in September 2008.

Exports were at EUR2.59 billion in September, up by 18.8% compared with August, but down by 13.1% from the same month the year earlier.

Imports rose 24.5% on the month to EUR3.64 billion in September. On the year, imports in September were down 34%.

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.