Romania January-October Trade Gap Narrows To EUR7.68B
Romania’s trade deficit narrowed slightly to EUR7.68 billion in the first ten months of 2011, from EUR7.74 billion in the year-earlier period, the country’s statistics institute INS said Monday.
Exports rose 23.5% on the year to EUR37.6 billion in January through October, while imports were up 18.5% to EUR45.28 billion.
Vehicles made up for the bulk of exports and imports, amounting to 41.3% of overall exports and 34% of the imports in the first ten months, the data showed.
In October alone, Romania’s trade deficit was of EUR747.3 million, down from EUR762.8 million in the year-earlier month.
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