Loading…
You are here:  Home  >  Business  >  Current Article

Trade balance deficit, up by almost 28pct, to 6.13 billion euro, in first eight months

By   /   10/10/2016  /   Comments Off on Trade balance deficit, up by almost 28pct, to 6.13 billion euro, in first eight months

ro

Bucharest, October 10, 2016/Independent Balkan News Agency

The trade balance deficit went up 27.9 percent in the first eight months of this year compared with the similar period of last year, to over 6.13 billion euro, reads a press release the National Institute of Statistics (INS) sent to AGERPRES on Monday.

In the period January 1 — August 31, 2016, the FOB exports totalled over 37.439 billion euro, having increased 4 percent, and the CIF imports amounted to over 43.573 billion euro, up 6.8 percent.

“The value of intra-community exchanges of goods (Intra-EU28) in the period January 1 — August 31, 2016, stood at 28,072.5 million euro in shippings and 33,607.5 million euro in supplies, representing 75 percent of the total exports and 77.1 percent of the total imports. The value of extra-community exchanges of goods (Extra-EU28) in the period January 1 — August 31, 2016, was 9,366.9 million euro in exports and 9,965.7 million euro in imports, representing 25.0 percent of the total exports and 22.9 percent of the total imports,” the document reads.

In the first eight months, significant shares in the structure of exports and imports were held by the following groups of products: cars and transport equipment (47.2pct in exports and 37.5pct in imports) and other manufactured products (32.8pct in exports, respectively 31.2pct in imports).

In August 2016, the FOB exports stood at over 4.446 billion euro, the CIF imports exceeded 5.463 billion euro, and the deficit resulted accounted for over one billion euro. Compared to August 2015, the August 2016 exports went up 13.4 percent and imports rose 14.4 percent.

Source: Agerpres

You might also like...

cy

Property sales in Cyprus record a large increase of 46% in November

Read More →