Nov trade deficit drops to EUR804 mn

Romania’s trade deficit fell 54.8% in November last year to3.448 billion lei (€804 million), 3.194 bln lei (€973.3 million) less from a year earlier, as imports fell and exports increased, according to data provided by the National Institute of Statistics.
In November 2009, according to preliminary data of the statistics bureau, exports totaled 11.764 billion lei (€2.742 billion) and imports dropped to 15.212 billion lei (€3.546 billion).

Compared to the same period of last year, the leu value of exports rose 21.9% (6.7% when expressed in euro), while the leu value of imports fell 6.7% (18.4% when expressed in euro).

Compared to a month earlier, exports rose 0.8% when expressed in lei (0.4% in euro), while imports decreased 2.0% in lei (2.5% in euro).

Romania’s trade gap in November 2009 narrowed to 3.448 billion lei (€804 million), 3.194 bln lei (€973.3 bln) below year-ago level.

In the 11month period through November 2009, exports stood at 113.178 bln lei (€26.688 bln) while imports totaled 150.03 bln lei (€35.384 bln).

The country’s trade gap for Jan-Nov period was 36.851 billion lei (€8.696 bln), 43.352 bln lei (€13.250 bln) or 54.05% lower than year-ago period, according to data provided by the NIS.

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