Romania recorded a trade deficit of 1491 EUR Million in November of 2019.

Balance of Trade in Romania averaged -662.94 EUR Million from 1992 until 2019, reaching an all time high of 137.60 EUR Million in February of 1996 and a record low of -2542.10 EUR Million in September of 2008. This page provides - Romania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Institutul National de Statistica

Balance of Trade in Romania is expected to be -990.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Romania to stand at -1700.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -2438.00 EUR Million in 2020, according to our econometric models.

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Romania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1491.00 -1967.40 137.60 -2542.10 1992 - 2019 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM Aug €-1.37B €-1.76B € -1.45B
2019-11-11 07:00 AM Sep €-1.19B €-1.36B € -1.1B
2019-12-10 07:00 AM Oct €-1.96B €-1.19B € -1.85B
2020-01-09 07:00 AM Nov €-1.491B €-1.967B
2020-02-10 07:00 AM Dec €-1.491B € -1.8B


News Stream
2019-07-10
Romanian Trade Gap Largest in 5 Months
Romanian trade deficit widened to EUR 1.48 billion in May 2019 from EUR 1.27 billion in the same month the previous year. It was the largest trade gap since December, as imports jumped 8.5 percent to EUR 7.75 billion, as purchases rose from both the EU (10 percent) and non EU countries (4.4 percent). Meanwhile, exports increased at a softer 6.8 percent to EUR 6.27 billion, with sales growing from both the EU (6.1 percent) and countries outside the EU (9.1 percent).

2019-06-10
Romania Posts Largest Trade Gap in 4 Months
Romanian trade deficit widened to EUR 1.38 billion in April 2019 from EUR 1.02 billion in the same month the previous year. It was the largest trade gap since December last year, as imports rose more than exports. Year-on-year, imports jumped 10.6 percent to EUR 6.92 billion, as purchases surged 19.7 percent from countries outside the EU while those from the EU countries increased 7.9 percent. Meanwhile, exports rose at a softer 5.7 percent to EUR 5.53 billion, as sales to the EU countries were up 5.1 percent while those to countries outside the EU went up 7.8 percent. Considering the first four months of 2019, the trade gap increased to EUR 5.04 billion from EUR 3.74 billion in the corresponding period a year earlier.

2019-05-10
Romanian Trade Gap widens in March
Romanian trade deficit widened to EUR 1.23 billion in March 2019 from EUR 1.06 billion in the same month the previous year. Year-on-year, imports rose 2.7 percent to EUR 7.36 billion, as purchases grew mainly from the EU countries (4.2 percent). Meanwhile, exports edged up 0.4 percent to EUR 6.13 billion, as sales to the EU countries were up 2.5 percent while those to countries outside the EU shrank 6.4 percent. Considering the first three months of 2019, the trade gap increased to EUR 3.64 billion from EUR 2.74 billion in the corresponding period a year earlier.

2019-04-09
Romanian Trade Gap Widens in February
Romanian trade deficit widened to EUR 1.15 billion in February 2019 from EUR 0.88 billion in the same month the previous year. Year-on-year, imports rose 11.1 percent to EUR 7.04 billion, as purchases grew from both the EU countries (9.1 percent) and countries outside the EU (17.6 percent). Meanwhile, exports went up at a softer 8.0 percent to EUR 5.89 billion, as sales to the EU countries went up 7.7 percent and those to countries outside the EU rose 9.0 percent. Considering the first two months of 2019, the trade gap increased to EUR 2.41 billion from EUR 1.66 billion in the corresponding period a year earlier.


Romania Balance of Trade
Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important.