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Report on Import & Export of Romania's Trade in Goods in January-November 2019

  

The preliminary statistics released by INS show that in January-November 2019, the total volume of import and export of Romania’s trade in goods was 143.87 billion euros, and increased by 3% year on year. Of the total amount, the FOB export volume was 64.18 billion euros, and increased by 1.7% year on year, and the CIF import volume was 79.69 billion euros, and increased by 4.1% year on year.

In November, the FOB export volume of Romania was 6.0 billion euros, and increased by 1% year on year, and the CIF import volume was 7.49 billion euros, and dropped by 0.1% year on year.

I. Trade within the EU

In January-November 2019, the volume of Romania’s trade in goods with other EU countries was 108.92 billion euros, and increased by 2.9% year on year, taking up 75.7% of Romania’s total import and export over the same period of time. Of the total amount, the export volume was 49.34 billion euros, and increased by 1.6% year on year, accounting for 76.9% of the total export over the same period of time. The import volume was 59.58 billion euros, and increased by 4.1% year on year, accounting for 74.8% of the total import over the same period of time.

II. Trade outside the EU

In January-November 2019, Romania’s trade volume with countries outside the EU was 34.95 billion euros, and increased by 3.3% year on year, taking up 24.3% of Romania’s total import and export over the same period of time. Of the total amount, the export volume was 14.84 billion euros, and increased by 2% year on year, accounting for 23.1% of the total export over the same period of time. The import volume was 20.11 billion euros, and increased by 4.2% year on year, accounting for 25.2% of the total import over the same period of time.

III. Trade deficits

In January-November 2019, the FOB value of exports was offset by the CIF value of imports. Romania’s trade deficit was 15.51 billion euros, and increased by 15.7% year on year. Of the total amount, the trade deficit within the EU was 10.24 billion euros, and increased by 18.3% year on year. The trade deficit outside the EU was 5.27 billion euros, and increased by 11.1% year on year.

In November, Romania’s trade deficit was 1.49 billion euros, and dropped by 4.6% year on year.

IV. Trade structure

In terms of trade structure, in January-November 2019, Romania’s imports and exports mainly fell into the categories of machinery and transportation equipment (accounting for 47.2% of the total export and 37.3% of the total import respectively over the same period of time) and other processing products (taking up 31.8% of the total export and 30.5% of the total import respectively over the same period of time). The specific structure is as follows:

Commodity Structure of Romania’s FOB Exports in January-November 2019

Categories

Proportion in the total export%

Machinery and transportation equipment

47.2

Other processing products

31.8

Food, beverages and tobacco

8.5

Chemicals and related products

4.6

Mineral fuel, lubricant, etc.

4.0

Raw materials

3.5


Commodity Structure of Romania’s CIF Imports in January-November 2019

Categories

Proportion in the total import%

Machinery and transportation equipment

37.3

Other processing products

30.5

Chemicals and related products

13.2

Food, beverages and tobacco

8.5

Mineral fuel, lubricant, etc.

7.5

Raw materials

2.8


(All information published in this website is authentic in Chinese. English is provided for reference only. )