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Trade deficit of over 3 billion euros in the first two months of 2021


Romania’s trade balance deficit (FOB / CIF) stood at 3.070 billion euros, in the first two months of 2021, higher by 455.9 million euros compared to the same period last year, according to data from the National Institute of Statistics (INS).

Between January 1 and February 28, 2021, FOB exports amounted to 11.192 billion euros, and CIF imports amounted to 14.262 billion euros. Exports decreased by 3.7% and imports increased by 0.2% compared to the same period in 2020.

In February 2021, FOB exports amounted to 5.786 billion euros, and CIF imports amounted to 7.675 billion euros, resulting in a deficit of 1.889 billion euros. Compared to the same month in 2020, exports in February 2021 decreased by 2.5% and imports increased by 6.1%.

Important shares in the structure of exports and imports are held by: machinery and transport equipment (50% for export and 37.2% for import) and other manufactured products (30.1% for export and 30.2% for import).

The value of intra-EU trade in goods was 8.454 billion euros for shipments and 10.520 billion euros for introductions, representing 75.5% of total exports and 73.8% of total imports.

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The value of extra-EU trade27 was 2.738 billion euros in exports and 3.741 billion euros in imports, representing 24.5% of total exports and 26.2% of total imports.

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