Trade deficit rises 10.4% in euro in first 7 months

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The FOB-CIF trade deficit rose by 10.4% in euro in the first 7 months of 2008 versus the same period in 2007, to 46.438 bn lei (12.702bn euro), according to a release from the National Statistics Institute (INS).
The trade deficit in the January – July 2008 period rose 8.394bn lei (1.199bn euro) compared with the same period in 2007.
 
The dynamics of exports of gods outpaced the dynamics of imports of goods in the first 7 months of 2008, continuing the trend started in December 2007.
The FOB exports in the first 7 months stood at 72.868bn lei (19.936bn euro), and the CIF imports stood at 119.306bn lei (32.639bn euro).
The value of the intra-community exchanges of goods in the January – July 2008 stood at 50.849bn lei (13.910bn euro), representing 69.8% of total exports and 69.1% of total imports.
 
The difference between the dynamics calculated on the basis of the values expressed in lei and the one calculated from values expressed in euro was caused by the decline in the national currency in January – July 2008, with values standing in the 8% – 14.2% interval, versus the corresponding months in 2007.
The FOB-CIF trade deficit rose 22.2% in H1 2008 versus the same period in 2007 at the value expressed in lei and by 11.2% at the value expressed in euro, INS informs.
The FOB-CIF trade deficit stood at 39.538bn lei (10.793bn euro) in H1 2008, up 7.187bn lei (1.092bn euro) versus H1 2007.
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