Romania's trade deficit widened to EUR 2.19 billion in July 2021 from EUR 1.32 billion in the same month the previous year. It was the largest trade surplus in four months, amid further rise in global demand. Exports grew 14.6 percent year-on-year to EUR 6.36 billion, while imports rose at a faster 24.3 percent to EUR 8.55 billion. Considering the first seven months of the year, the trade gap came in at EUR 12.87 billion, up from EUR 10.01 billion in the same period of 2020. source: Institutul National de Statistica

Balance of Trade in Romania averaged -714.52 EUR Million from 1992 until 2021, 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 September of 2021.

Balance of Trade in Romania is expected to be -2150.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Balance of Trade is projected to trend around -2300.00 EUR Million in 2022 and -2500.00 EUR Million in 2023, according to our econometric models.

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Romania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2185.60 -1838.80 137.60 -2542.10 1992 - 2021 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 06:00 AM Apr €-1.728B €-2.258B € -1.3B
2021-07-12 06:00 AM May €-1.773B €-1.730B
2021-08-09 06:00 AM Jun €-1.84B €-1.761B € -2B
2021-09-09 06:00 AM Jul €-2.1856B €-1.839B
2021-10-12 06:00 AM Aug €-2.1856B
2021-11-09 07:00 AM Sep € -2.2B
2021-12-10 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.