Romania trade deficit narrows in Oct

Trade

Image by Pixabay

Image by Pixabay

Romania's trade deficit narrowed to EUR 1.798 billion in October from EUR 1.971 billion in the same month last year, figures from the National Institute of Statistics (INS) showed on Thursday.

In September, the trade deficit was EUR 1.542 billion. Exports declined 1.1% annually in October, following a 0.5% fall in the previous month. Imports fell 2.9% year-on-year in October, after a 4.4% increase in September.

iN a separate statement, INS said that net investment in Romania's economy edged up 0.7% on the year in the first nine months of 2020, reaching RON 68.8 billion (EUR 14 billion).

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