Romania Trade Deficit Widens In February
BUCHAREST (dpa-AFX) - Romania s trade deficit widened in February, as imports rose and exports declined, figures from the National Institute of Statistics showed on Friday.
The trade deficit increased to EUR 1.889 billion in February from EUR 1.295 billion in the same month last year. In January, the trade deficit was EUR 1.18 billion.
Exports declined 2.5 percent annually in February, following a 4.9 percent fall in January.
Imports gained 6.1 percent yearly in February, after a 6.0 percent drop in the previous month.
For the January to February period, the trade deficit was EUR 3.07 billion. Exports fell 3.7 percent, while imports rose 0.2 percent.
Romania’s trade balance deficit was 3.070 billion euros, in the first two months of this year, by 455.9 million euros higher from a year ago, according to data released on Friday by the National Institute of Statistics (INS).
Official statistics also show that in the period January 1 – February 28, 2021, FOB exports amounted to 11.192 billion euros, and CIF imports amounted to 14.262 billion euros. Exports decreased by 3.7% and imports increased by 0.2% compared to the same period in 2020.
In February 2021, FOB exports amounted to 5.786 billion euros, and CIF imports amounted to 7.675 billion euros, resulting in a deficit of 1.889 billion euros. Compared to February 2020, exports in February 2021 decreased by 2.5% and imports increased by 6.1%.
The National Institute of Statistics and Censuses (INEC) released a preliminary report showing that bananas and pineapples together represented 16.2 percent of the total value exported by Cost Rica during 2020, according to Nacion, a Costa Rican reporting agency.
The country exported $1.118 billion in bananas, which represented 8.93 percent of the value exports, while pineapples totaled $910 million, representing 7.27 percent of the value exports.
INEC’s report shows the top ten export products accounted for 50 percent of the total value during the period, of which the U.S., the Netherlands, and Guatemala were the main destinations.
A researcher at INEC, Ana Mercedes Umaña, pointed out that preliminary figures showed a 2.04 percent increase in exports in 2020, while imports showed a decrease of 9.58 percent.
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08/04/2021 11:16
In the provisional data released on Thursday, the National Institute of Statistics (INS) maintained its estimate for the GDP contraction in 2020 at 3.9 percent.
In Q4 2020, the GDP was 4.8 percent higher in real terms than in the previous quarter, and was 1.4 percent down YoY as unadjusted series and 1.8 percent lower as seasonally adjusted series (these figures also remained unchanged from the INS data released on March 9).
The seasonally adjusted quarterly GDP was recalculated as a result of the revision of the estimates for Quarters 1 - 4 2020, with no changes compared to the version published in Press Release No. 54 of March 9, 2021, the cited source said.