The National Institute of Statistics has reported that Romania’s trade deficit (FOB/CIF) decreased by 15.1 percent in 2023 compared to the previous year. This reduction brought the trade balance deficit down to 28.947 billion euros (31.168 billion U.S. dollars), a decrease of 5.142 billion euros from 2022.
The latest data also revealed that exports reached 93.098 billion euros, marking a modest increase of 1.3 percent, while imports totaled 122.045 billion euros, showing a decline of 3.2 percent compared to the previous year.
According to the report, machinery and transport equipment, as well as other manufactured products, were the dominant product groups contributing to Romania’s trade activities during the period. Machinery and transport equipment accounted for 44.8 percent of exports and 36.8 percent of imports, while other manufactured products represented 29.8 percent of exports and 28.7 percent of imports.
Intra-EU trade exchanges were significant in Romania’s trade dynamics, amounting to 67.574 billion euros for outbound and 89.5 billion euros for inbound. These figures constituted 72.6 percent of total exports and 73.3 percent of total imports. (1 euro = 1.08 U.S. dollar)
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