Romania April Trade Deficit Widens

Romania’s foreign trade deficit widened in April from a year ago, figures from the National Institute of Statistics showed Tuesday.

The trade deficit rose to EUR 644.2 million in April from EUR 643.7 million in the same month of the previous year. In March, the shortfall was revised down to EUR 808.1 million from EUR 812.8 million.

Exports rose 5.5 percent annually, after 7.2 percent growth in the previous month. Imports grew 4.7 percent following an 11.5 percent surge in March.

However, shipments fell 8.4 percent month-on-month in April and imports dropped by 10.1 percent.

In the January to April period, total trade deficit of the country widened notably to EUR 2.02 billion from EUR 1.76 billion in the corresponding period last year. Exports and imports grew 5 percent and 5.9 percent, respectively.

The material has been provided by InstaForex Company – www.instaforex.com

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