June 9 (SeeNews) - Romania’s trade deficit rose by 2.93 billion euro year-on-year in the first four months of 2022 to an estimated 10 billion euro ($10.8 billion), the country’s statistical office, INS, said on Thursday.
Exports increased by an annual 20.7%, while imports increased by 25.5% on the year in January-April, the INS said in a statement.
The European Union absorbed 73% of Romania’s exports in the aforementioned period, and accounted for 71.1% of the country’s total imports.
Machinery and transport equipment accounted for 42.6% of Romania’s exports and 32.5% of imports, while other manufactured goods made up 31.1% of exports and 29.7% of imports over the first four months of 2022.
Romania's trade gap widened by 29% on the year to an estimated 23.7 billion euro in 2021.
(1 euro = $1.0718)