Romania’s trade gap narrows by 4.5% y/y to 8.4% of GDP in 12 months to August

Romania Insider · 5h ago

Romania

Trade flows gained momentum partly due to base effects, with exports increasing by 11.6% y/y to EUR 7.55 billion and imports by 13.7% to EUR 10.69 billion. However, over the 12 months to August, the rolling trade deficit narrowed by 4.5% y/y to EUR 33.17 billion. The deficit-to-GDP ratio also improved, falling to an estimated 8.4% over the 12 months to August, from 9.4% a year earlier. The…

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Romania’s trade gap narrows by 4.5% y/y to 8.4% of GDP in 12 months to August

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