Romania's trade deficit narrowed to EUR 1.32 billion in July 2020 from EUR 1.78 billion in the same month the previous year. Exports fell 5.1 percent from a year earlier to EUR 5.55 billion, while imports dropped 9.9 percent to EUR 6.88 billion. Considering the first seven months of the year, the trade gap rose to EUR 9.99 billion from EUR 9.51 billion in the corresponding period of 2019.
Balance of Trade in Romania averaged -681.75 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 September of 2020. source: Institutul National de Statistica
Balance of Trade in Romania is expected to be -1000.00 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 -1650.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -1620.00 EUR Million in 2021 and -1800.00 EUR Million in 2022, according to our econometric models.