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Romanian exports falling in July, imports remain strong

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Exports from Romania decreased by 1% in July 2019, compared to the same month of 2018. In the year up to July, exports advanced by a mere 2.1% compared to the same period last year.

Exports of vehicles, nearly half of the total in the period (48%), rose by 2.0%. During the past two years (2017-2018), exports in euro values increased by rates of 8%-9% per year.

Romania’s imports rose rather strongly by 5.9% in July compared to the same month last year. In January-July, imports gained 5.8% (to EUR 50.2 bln) compared to the same period last year, rising more than twice as fast as exports.