The trade balance deficit rose by 1.26 billion euros in November this year, exceeding 9 billion euros in the first eleven months, a release of the National Statistics Institute shows.
Imports were 25.6 percent up in November compared with the same month in 2004, reaching 3.3 billion euros for a total of 29.44 billion euros from January through November, up 24.2 percent compared with the corresponding period of the previous year.
Exports progressed by 22.2 percent in November to 2.03 billion euros. The export value in the first eleven months was of 20.43 billion euros, 17.4 percent higher than in the same time of 2004.
Nearly one quarter of the total imports (23.2 percent) from January through November were in form of mechanical machinery and devices, electrical machinery, devices and equipment, sound and image recording and playing equipment. The value of such imports increased by 22 percent from the previous year to 6.83 billion euros.
Romania also imported mineral products worth 4.49 billion euros, 45 percent more than in the first eleven months of 2004, as well as vehicles and transportation materials worth 3.02 billion euros, an increase of 41.5 percent. The value of metallurgical product imports rose by 31.2 percent to 2.61 billion euros.
Clothing and fabric accounted for the bulk of the exports, 3.89 billion euros, slightly down from 2004, mechanical machinery and devices for 3.6 billion euros, up 17.2 percent and metallurgical products for 3.04 billion euros, an increase of 14.8 percent. Mineral product exports witnessed the highest growth of all, 76.8 percent to 2.22 billion euros.
The deficit of the trade balance was the main cause for the deterioration of the current account deficit last year. According to the latest data supplied by the central bank, the current account deficit rose by 38.6 percent to 4.9 billion euros in the first ten months.