Romania's Jan - May trade deficit drops 13 pct to 11.06 bln euros
Publicat:Romania's FOB/CIF trade balance deficit as of end-May stood at 11.06 billion euros, down 13.4 percent compared to the same period of the previous year, as FOB exports rose 7.5 percent to 39.68 billion euros, and CIF imports advanced 2.1 percent to 50.74 billion euros, shows data released on Monday by the National Institute of Statistics (INS).
FOB exports in May 2023 totaled 8.64 billion euros, and CIF imports stood at 10.81 billion euros, resulting in a deficit of 2.18 billion euros. Year-over-year, exports this May were 8 percent higher, and imports inched up 0.8 percent.
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