The trade balance deficit (FOB/CIF) increased by 16.4% in the first five months of this year compared to the same period last year and reached 14.32 billion euros, according to data from the National Institute of Statistics INS), published on Thursday.
During January - May 2025, FOB exports amounted to 39.47 billion euros, and CIF imports amounted to 53.79 billion euros.
Important shares in the structure of exports and imports are held by the product groups: machinery and transport equipment (47% in exports and 35.7% in imports) and other manufactured products (27.8% in exports and 28.1% in imports).
The value of intra-EU27 trade in goods was 28.22 billion euros in exports and 38.79 billion euros in imports, representing 71.5% of total exports and 72.1% of total imports.
The value of extra-EU27 trade in goods in the period January - May 2025 was 11.26 billion euros in exports and 15 billion euros in imports, representing 28.5% of total exports and 27.9% of total imports.
In May 2025, FOB exports amounted to 8 billion euros and CIF imports amounted to 10.73 billion euros, resulting in a deficit of 2.73 billion euros.
Compared to May 2024, exports in May 2025 increased by 10.6% and imports increased by 5%.
The FOB price (Free on Board) represents the price at the border of the exporting country, which includes the value of the goods, all transportation costs to the point of embarkation, as well as all taxes that the goods must bear to be loaded on board.
The CIF price (Cost, Insurance, Freight) represents the price at the border of the importing country, which includes both the components of the FOB price, as well as the cost of insurance and international transportation.
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