Romania's trade deficit widened to EUR 1.51 billion in August 2020 from EUR 1.36 billion in the same month the previous year. This was the largest trade gap since April, as exports fell 8 percent from a year earlier to the smallest in three months of EUR 4.60 billion, while imports dropped 4.9 percent to the smallest since May of EUR 6.11 billion. Considering the first eight months of the year, the trade gap rose to EUR 11.41 billion from EUR 10.87 billion in the corresponding period of 2019. source: Institutul National de Statistica

Balance of Trade in Romania averaged -679.79 EUR Million from 1992 until 2020, 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. Romania Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Balance of Trade in Romania is expected to be -1700.00 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 -1650.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -1620.00 EUR Million in 2021 and -1800.00 EUR Million in 2022, according to our econometric models.

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Romania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1513.90 -1323.80 137.60 -2542.10 1992 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-07-10 06:00 AM May €-1251M €-1635M € -1.7B
2020-08-10 06:00 AM Jun €-1.321B €-1.25B € -0.4B
2020-09-09 06:00 AM Jul €-1.323B €-1.318B €-1.85B
2020-10-12 06:00 AM Aug €-1.514B €-1.323B €-1.15B
2020-11-11 07:00 AM Sep €-1.514B € -1B
2020-12-10 07:00 AM Oct

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.