Trade Balance in Romania

Romania Trade Balance | Economic News & Forecasts

Romania - Trade Balance

Economic activity appears to have moderated in the fourth quarter of last year, following the third quarter’s acceleration which was propelled by a jump in inventories. Industrial production growth was weak in October-November, as was external demand, both of which suffered from a cooling industrial sector in the EU. On the other hand, retail sales surged in Q4, likely benefiting from declining inflation. Heading into Q1, economic prospects appear downbeat: In mid-January, several major financial institutions announced they are considering the postponement of investment plans, due to the recently-introduced tax on banks’ assets. On the political front, on 31 January the government presented the draft budget for 2019. Among other measures, it includes a notable increase in public investment, part of which will be co-financed by EU funds. Meanwhile, relationships with EU institutions remain turbulent: In mid-January, the European Commission criticized the government for its regressive steps in fighting corruption, after the justice minister drafted an emergency decree which could invalidate several corruption cases.

Romania - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.5  -8.3  -9.4  -11.0  -14.8  

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Romania Trade Balance Chart

Romania Trade
Note: Trade balance in USD billion.
Source: National Bank of Romania.

Romania Facts

Bond Yield4.970.23 %Feb 14
Exchange Rate4.21-0.34 %Feb 14
Stock Market7,642-0.59 %Feb 14

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