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Romania's trade gap widens 22% y/y in Jan-June

Romania's trade gap widens 22% y/y in Jan-June Romania's Constanta port

BUCHAREST (Romania), August 9 (SeeNews) - Romania's trade gap widened by 22% on the year to an estimated 7.69 billion euro ($8.62 billion) in the first six months of 2019, the statistical office, INS, said on Friday.

Exports and imports rose by 2.7% and 5.7%, respectively, in the period January-June, INS said in a statement.

The European Union absorbed 77.1% of Romania's exports in the period under review, and accounted for 75% of the country's imports.

Machinery and transport equipment accounted for 48.2% of Romanian exports and 37.3% of imports, while other manufactured goods made up 32.2% of exports and 30.2% of imports.

In June alone, Romania's exports fell 5.5% on the year, while imports decreased 6.9%.

Romania's trade deficit widened by an annual 17% to 15.1 billion euro in 2018.

($=0.892 euro)