Ministry of Commerce
People’s Republic of China

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Report on Import & Export of Romania's Trade in Goods in January-December 2019

  

The preliminary statistics released by INS show that in January-December 2019, the total volume of import and export of Romanias trade in goods was 155.29 billion euros, up 3.1% year on year. Of the total amount, the FOB export volume was 69 billion euros, up 1.9% year on year, and the CIF import volume was 86.28 billion euros, up 4.2% year on year.

In December, the FOB export volume of Romania was 4.83 billion euros, up 4.9% year on year, and the CIF import volume was 6.59 billion euros, up 4.5% year on year.

I. Trade within the EU

In January-December 2019, the volume of Romanias trade in goods with other EU countries was 117.23 billion euros, up 3.0% year on year, taking up 75.5% of Romanias total import and export volume over the same period. Of the total amount, the export volume was 52.83 billion euros, up 1.6% year on year, accounting for 76.6% of the total export volume over the same period. The import volume was 64.4 billion euros, up 4.1% year on year, accounting for 74.6% of the total import volume over the same period.

II. Trade outside the EU

In January-December 2019, Romanias trade volume with countries outside the EU was 38.05 billion euros, up 3.7% year on year, taking up 24.5% of Romanias total import and export volume over the same period. Of the total amount, the export volume was 16.17 billion euros, up 2.7% year on year, accounting for 23.4% of the total export volume over the same period. The import volume was 21.88 billion euros, up 4.4% year on year, accounting for 25.4% of the total import volume over the same period.

III. Trade deficit

In January-December 2019, the FOB value of exports was offset by the CIF value of imports. Romanias trade deficit was 17.28 billion euros, up 14.3% year on year. Of the total amount, the trade deficit within the EU was 11.56 billion euros, up 16.9% year on year. The trade deficit outside the EU was 5.72 billion euros, up 9.4% year on year.

In December, Romanias trade deficit was 1.77 billion euros, and dropped by 3.4% year on year.

IV. Trade structure

In terms of trade structure, in January-December 2019, the main categories of Romanias imports and exports were machinery and transportation equipment (accounting for 47.2% of the total export volume and 37.3% of the total import volume respectively over the same period) and other processing products (taking up 31.7% of the total export volume and 30.4% of the total import volume respectively over the same period). The specific structure is as follows:

Commodity Structure of Romanias FOB Exports in January-December 2019

Categories

Proportion in the total exports%

Machinery and transportation equipment

47.2

Other processing products

31.7

Food, beverages and tobacco

8.5

Chemicals and related products

4.6

Mineral fuel, lubricant, etc.

4.1

Raw materials

3.5

Commodity Structure of Romania’s CIF Imports in January-December 2019

Categories

Proportion in the total imports%

Machinery and transportation equipment

37.2

Other processing products

30.4

Chemicals and related products

13.2

Food, beverages and tobacco

8.7

Mineral fuel, lubricant, etc.

7.6

Raw materials

2.8


(All information published in this website is authentic in Chinese. English is provided for reference only. )