Romania’s exports reached a record level of EUR 4.8 billion in July, while the imports totaled EUR 5.29 billion, according to preliminary estimations of the country’s Statistics Institute INS.

Compared to July 2013, exports increased by 6.6% in July 2014, while the month-on-month increase was of 12.7%.

The trade deficit was of EUR 520.3 million in July this year, with EUR 52.7 million lower than the one registered in the same month the previous year.

In the first seven months of 2014, Romania recorded a trade deficit of EUR 3.35 billion, over the level registered the year before. The exports totaled EUR 30.2 billion, while the imports amounted to EUR 33.6 billion, according to INS. Both exports and imports registered a year-on-year increase of 7.5%.

Irina Popescu, irina.popescu@romania-insider.com