Romania's trade deficit widened to EUR 1.95 billion in December 2020, the largest since October last year, from EUR 1.78 billion in the same month the previous year. Exports grew 5.1 percent from a year earlier to EUR 5.07 billion, while imports rose at a faster 6.4 percent to EUR 7.02 billion. Considering 2020 full year, the trade gap rose to EUR 18.39 billion from EUR 17.30 billion in 2019. source: Institutul National de Statistica

Balance of Trade in Romania averaged -696.14 EUR Million from 1992 until 2020, reaching an all time high of 137.60 EUR Million in February of 1996 and a record low of -2542.10 EUR Million in September of 2008. This page provides - Romania Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Balance of Trade in Romania is expected to be -1700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Romania to stand at -1620.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -1620.00 EUR Million in 2022 and -1800.00 EUR Million in 2023, according to our econometric models.

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Romania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1952.40 -1573.70 137.60 -2542.10 1992 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 07:00 AM Sep €-1.541B €-1.514B € -1B
2020-12-10 07:00 AM Oct €-1.798B €-1.542B €-1.8B
2021-01-11 07:00 AM Nov €-1.574B €-1.799B
2021-02-09 07:00 AM Dec €-1.952B €-1.574B
2021-03-11 07:00 AM Jan €-1.952B
2021-04-09 06:00 AM Feb
2021-05-11 06:00 AM Mar
2021-06-09 06:00 AM Apr

Romania Balance of Trade
Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important.