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Romania Trade rise by over 25 % yoy in Q1 06
The foreign trade increased by 25.6 percent in the first three months of this year, the exports exceeded the level registered in the similar period of the previous year by 21.9 percent, and the imports by 28.4 percent, said a release of the Romanian Ministry of Economy and Trade. The FOB exports reached 6.21 billion euros, up 1.12 billion euros from the same period last year, mainly due to the capitalization of the advantages of the Romanian products on the foreign markets, "ACT Media News Agency" reports.


In the exports' structure, the cars and the electric equipment or components increased by 390.17 million euros - 46.44 percent, the oil products by 271.4 million euros - 54.41 percent, and the cars by 188.5 million euros - 30,81 percent.

On the European market, the exports rose by 673.63 million euros or 18.8 percent, while the exports to Eastern Europe rose by 59.83 percent, to United States - by 25.42 percent, to Africa and the Middle East - by 20.6 percent, to Asia-Oceania - by 20 percent. Nineteen percent of the exported products went to Italy, 15.21 percent to Germany, and 7.28 percent to France.

The CIF imports increased by 1.9 billion euros (28.4 percent) to 8.57 billion euros in the first three months of 2006 against the similar period of 2005. The growth was significant, of 558.9 million euros or 37.83 percent when it comes to cars, electric equipment and their components. The imports of energy, raw materials, gas and coal rose by 399.5 million euros or 39.85 percent, those of cars and their components - by 219.5 million euros or 35.14 percent.

The main import markets in the first quarter of 2006 were the European Union - 60.23 of the imports, Eastern Europe - 23.37 percent and Asia-Oceania - 14.72 percent. The main partner countries for imports were Italy - 14.23 percent of the total, Germany - 14.02 percent and the Russian Federation - 10.49 percent. In the first quarter of this year, the trade deficit stands at 1.57 billion euros, up 49.5 from the first quarter of 2005.

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