Romanian trade deficit widened to EUR 1.48 billion in May 2019 from EUR 1.27 billion in the same month the previous year. It was the largest trade gap since December, as imports jumped 8.5 percent to EUR 7.75 billion, as purchases rose from both the EU (10 percent) and non EU countries (4.4 percent). Meanwhile, exports increased at a softer 6.8 percent to EUR 6.27 billion, with sales growing from both the EU (6.1 percent) and countries outside the EU (9.1 percent). Balance of Trade in Romania averaged -647.77 EUR Million from 1992 until 2019, 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.
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 -1350.00 in 12 months time. In the long-term, the Romania Balance of Trade is projected to trend around -1620.00 EUR Million in 2020, according to our econometric models.