Romania August Trade Deficit Increases Sequentially

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Monday, a report by Romania's National Institute of Statistics said the trade deficit stood at 0.7 billion euros in August, up from the 0.5 billion euros deficit reported in the previous month.

In August, exports dropped 22.1% month-on-month to 2.17 billion euros, while imports dipped 12.5% to 2.91 billion euros. On a yearly basis, exports declined 18.2%, while imports were down 35.5%.

In the January to August period, exports decreased 19.1% from a year ago, while imports slid 36.6%. For the same period, the cumulative trade balance logged a deficit of 5.8 billion euros.

Monday, a report by Romania's National Institute of Statistics said the trade deficit stood at 0.7 billion euros in August, up from the 0.5 billion euros deficit reported in the previous month. (Market News Provided by RTTNews)