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Thursday, March 31, 2005

Trade deficit exceeds half billion euros in February

Romania saw its trade deficit exceed 500 million euros in the second month of this year, after the volume of imports grew at a faster pace than exports.

According to the National Statistics Institute (INS), the free on board exports totaled 1.6 billion euros this February, which represents a 10.2 percent jump compared to the same period from last year.

At the end of the first two months of 2005, the trade balance deficit amounted to 885 million euros, from exports worth more than 3.1 billion euros and imports of 4 billion euros.

The European Union remains the economic region having the largest influence over Romania's exports. Romania exported about 73 percent of its products to the EU and in return over 63 percent of its total imports came from the Union.

Posted by Iulia Rasoiu : 3/31/2005 09:16:00 am