According to data released on Wednesday by the National Statistics Institute (INS), the FOB-CIF trade deficit for the period January - October 2014 was about 21.55 billion lei (4.85 billion Euros), up by 267.2 million lei (35.9 million Euros) from the similar period last year.
According to INS, Jan - Oct FOB exports amounted to 195.7 billion lei (44 billion Euros) and CIF imports stood at 217.2 billion lei (48.86 billion Euros). Compared to the period January - October 2013, exports increased by 7.6 percent expressed in lei (6.8 percent in euro) and imports advanced 6.9 percent expressed in lei (6.2 percent in euro).
Intra-Community (Intra-EU28) trade in the said period amounted to 138.8 billion lei (31.24 billion Euros) for outbound shipments and 163.2 billion lei (36.74 billion Euros) for incoming goods, accounting for 71 percent of total exports and 75.2 percent of total imports, respectively.
Extra-Community (Extra-EU28) exchanges of goods over the ten months totalled 56.8 billion lei (12.8 billion Euros) for exports and 53.9 billion lei (12.1 billion) for imports, representing 29 percent of total exports and 24.8 percent of total imports, respectively.
According to preliminary estimates by the National Statistics Institute, FOB exports amounted to 21.8 billion lei (4.93 billion Euros) and CIF imports amounted to 24.3 billion lei (5.5 billion Euros). Compared to October 2013, exports increased 4 percent expressed in lei (4.9 percent in euro) and imports advanced 2.1 percent expressed in lei (2.9 percent expressed in euro).
Compared to September 2014, October's exports rose 0.6 percent and imports were 2.1 percent higher expressed both in lei and in euro.
The trade balance deficit (FOB / CIF) this October was 2.5 billion lei (568.6 million Euros), by 352.4 million lei (75.9 million Euros) less than in October 2013. (source: actmedia.eu)