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TRADE - ROMANIA

The International Trade of Goods
in December and in 2007
- Estimated Data - December 2007

In December 2007, according to preliminary estimations of the National Institute of Statistics, FOB exports amounted to 7959.2 million lei (2253.3 million euro) and CIF imports amounted to 15278.2 million lei (4325.4 million euro). Compared to the same month of the previous year, exports increased by 16.2% in lei (15.1% in euro) and imports went up by 7.5% in lei (6.5% in euro), being the only month of 2007 in which the exports dynamics went beyond the imports dynamics. Compared to November, in December 2007, exports decreased by 16.3% in lei (18.4% in euro) and imports decreased by 11.0% in lei (13.2% in euro).

Preliminary Results for 2007

The FOB exports in 2007 amounted to 98009.8 million lei (29380.3 million euro) and the CIF imports amounted to 169812.0 million lei (50882.6 million euro). Compared to 2006, exports increased by 7.1% in lei (13.7% in euro) and imports went up by 17.9% in lei (24.9% in euro).
In 2007, the FOB-CIF commercial deficit was 71802.2 million lei (21502.3 million euro), 19186.7 million lei (6607.0 million euro) higher than that in 2006.
In 2007, the trade in goods between Member States amounted to 70444.2 million lei (21117.8 million euro) for dispatches and to 120654.7 million lei (36151.4 million euro) for arrivals, representing about 72% of total exports and about 71% of total imports.
The difference between the dynamics determined based on the values expressed in lei and that determined based on the value expressed in euro is a consequence of the appreciation of the national currency during January – November 2007, by 0.7% to 12.3%, and the depreciation of the national currency in December 2007 by 3.4%, respectively, compared to the corresponding months of 2006.

Compared to 2006, in 2007, the following mainly influenced a higher increase of the imports of goods compared to exports:

• For exports:
- The downward trend of the inward processing (lohn), especially for textile products.
- The downward trend of the exported mineral oil (by roughly 15% compared to the quantity registered in 2006).

• For imports, mainly intra-community imported goods :
- the close up in 2007 of customs rules begun before the accession date, through the National Customs Authority, mainly for goods temporarily introduced into customs storehouses and tax-free areas (means of conveyance, especially cars and electric machines, devices and equipments, etc).
- changes due to the implementation of the system of general trade for the intra-community exchange of goods (Intrastat), where the goods are exhaustively registered when crossing the national border and not when put into free movement, as it was previously done and still is when it comes to the Extrastat trade (special system of trade).

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