Trade Balance in Romania

Romania Trade Balance | Economic News & Forecasts

Romania - Trade Balance

Flash estimates for annual GDP growth in Q1 indicate that the economy beat market expectations, growing more than twice as fast as in Q4. A breakdown of the reading is not yet available. This said, fairly upbeat retail sales and economic sentiment in the quarter suggest household spending may have held up better than expected; the lifting of Covid-19 restrictions in March likely boosted activity. Meanwhile, industrial production contracted in annual terms in Q1, plagued by supply-chain disruptions which were compounded by the war in Ukraine. Turning to Q2, the government support to households and SMEs, and resilient economic sentiment, are likely playing a losing game against conflagratory inflation and tighter monetary policy. On 24 May, the European Commission presented a report calling for Romania’s admission into the Schengen zone—which would boost long-term growth prospects.

Romania - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-9.4  -11.0  -14.8  -17.6  -19.7  

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Romania Trade Balance Chart

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

Romania Facts

Value Change Date
Bond Yield4.490.23 %Dec 31
Exchange Rate4.26-0.34 %Dec 31

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