Romania’s commercial deficit widens to 4.84 bln euros in Q1

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Romania's commercial deficit widened to 4.84 billion euros in the first quarter of this year, being by 455 million euros higher than the negative balance posted in the same period a year ago, the National Institute of Statistics announced on Friday.
 
The exchange of goods with the European Union countries amounted to 5.61 billion euros worth of shipments and 8.95 billion euros worth of inflows, accounting for some 71 percent of total exports and about 70 percent of total imports, the Institute said.
 
The difference in the dynamic set on the basis of the values in leu (the national currency) and the one set by the values in euro was prompted by the 8.8 percent depreciation of the national currency in this January, 8 percent depreciation in February and 10.5 depreciation percent in March compared to the similar months in 2007.
 
The FOB exports made in Q1 stood at 7.96 billion euros, while CIF imports totalled 12.81 billion euros.
 
Exports grew 23.4 percent in leu terms (13.5 percent in euro terms) from the similar period in 2007, while imports climbed 22.1 percent in leu terms (12.3 percent in euro terms), the Statistics Institute announced.
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