Romania’s trade deficit grows at a galloping pace: 21.4 billion euros over 11 months in 2021

By rbj
Romania’s trade balance deficit (FOB / CIF) amounted to 21.369 billion euros in the first 11 months of 2021, increasing by 4.929 billion euros compared to the same period in 2020, according to data from the National Institute of Statistics (INS), published on Monday.
According to the INS, in November 2021, FOB exports amounted to 7.087 billion euros, and CIF imports amounted to 9.246 billion euros, resulting in a deficit of 2.159 billion euros. Compared to November 2020, exports increased by 17.5% and imports increased by 21.5%.
Between 1 January and 30 November 2021, FOB exports amounted to € 68.166 billion (up 19.4% from the same period in 2020) and CIF imports amounted to € 89.536 billion (plus 21.7%).
In the first 11 months of last year, important shares in the structure of exports and imports are held by product groups: machinery and transport equipment (45.2% on exports and 35.3% on imports) and other manufactured products (30.6 % for export and 30.0% for import).
The value of intra-EU trade in goods27 between January 1 and November 30, 2021 was 49.638 billion euros for shipments and 65.013 billion euros for introductions, representing 72.8% of total exports and 72.6% of total imports.
The value of non-EU27 trade in goods in the same period was 18.527 billion euros in exports and 24.522 billion euros in imports, representing 27.2% of total exports and 27.4% of total imports.