Romanian trade deficit widened to EUR 1.89 billion in October 2018 from EUR 1.33 billion in the same month the previous year. It was the largest trade gap since October 2008, as imports rose more than exports. Imports jumped 16.1 percent year-on-year to EUR 8.23 billion, as purchases rose from both the EU countries (12.9 percent) and countries outside the EU (26.1 percent). Meanwhile, exports went up at a softer 10.0 percent to EUR 6.34 billion, as sales to the EU countries grew by 12.7 percent and that to countries outside the EU edged up 1.8 percent. Considering the first ten months of the year, the trade gap increased to EUR 11.85 billion from EUR 10.23 billion in the corresponding period 2017. Balance of Trade in Romania averaged -631.38 EUR Million from 1992 until 2018, 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.

Balance of Trade in Romania is expected to be -1670.00 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 -1046.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -1400.00 EUR Million in 2020, according to our econometric models.

Romania Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 06:00 AM Balance of Trade €-1.273B €-1.3B € -1.0B
2018-10-10 06:00 AM Balance of Trade €-1.393B €-1.273B € -1.1B
2018-11-09 07:00 AM Balance of Trade €-0.970B €-1.393B € -1B
2018-12-10 07:00 AM Balance of Trade €-1.89B €-0.971B € -1.4B
2019-01-10 07:00 AM Balance of Trade €-1.89B
2019-02-08 07:00 AM Balance of Trade € -1.7B
2019-03-12 07:00 AM Balance of Trade


Romania Trade Last Previous Highest Lowest Unit
Balance of Trade -1889.60 -971.00 137.60 -2542.10 EUR Million [+]
Current Account -619.00 -1137.00 831.00 -2344.00 EUR Million [+]
Current Account to GDP -3.40 -2.10 6.60 -13.80 percent [+]
Imports 8229.90 6810.70 8229.90 219.70 EUR Million [+]
Exports 6340.30 5839.70 6340.30 143.20 EUR Million [+]
External Debt 97994.00 98009.90 102679.50 13078.60 EUR Million [+]
Remittances 808.00 644.00 1724.00 595.00 EUR Million [+]
Gold Reserves 103.70 103.70 105.32 103.67 Tonnes [+]
Terrorism Index 0.00 0.00 0.23 0.00 [+]
Weapons Sales 2.00 108.00 173.00 0.00 USD Million [+]
Crude Oil Production 70.00 70.00 146.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 610.27 487.34 2933.00 -393.80 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Romania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1889.60 -971.00 137.60 -2542.10 1992 - 2018 EUR Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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