New record high for Romanian exports in September

New record high for Romanian exports in September

 

Review Hari  Stefanatos

Romania’s exports recorded a new record high in September of this year with a 10.2% increase, compared to September of 2013, reaching EUR 4.9 billion, with imports in the same period increasing as well by 10.7% to about EUR 5.4 billion, based on figures released by the Romanian National Statistic Institute (INS).

In the first nine months of 2014, exports were up by 7.1%, in euro, compared to the corresponding period of 2013, standing at EUR 39.1 billion. Imports amounted to EUR 43.4 billion, also increasing by 6.6% compared to the first nine months of 2013.

The commercial deficit in the first nine months of the year was up by about EUR 109 million year-on-year, to stand at EUR 4.3 billion.

Romania’s main exports in the first nine months were transport equipment and vehicles, which represented 42.2% of the total exports, or EUR 16.5 billion, up by 7.7% compared to the same period of 2013, followed by food, beverages and tobacco with 8.3% of the total exports, or EUR 3.24 billion, recording an almost 11% increase year-on-year. Fuels and lubricants were 6.1%, raw materials were 5.4% and chemicals made 5.1% of the total exports, according to INS.

Regarding imports, transport equipment and vehicles represented 35% of the total, chemicals were 13.8%, fuels and lubricants 9.6%, food, beverages and tobacco 7.5% and raw materials 3.2% of the total imports.

(Source: Romania-insider)