During the last year, Romania's trade deficit stood at Euro14.9 billion with an increase of 45 percent from 2005. As per National Statistics Institute (INS), exports earned Euro25.85 billion in 2006 which was 16.2 percent higher than 2005, whereas imports were up 25.1 percent to more than Euro40.7 billion.
Trade deficit has hit all time highs every year since last five years. Also, imports have outdone exports in growth during previous years with upturning of local demand for technology and goods for private consumption.
One fourth of the annual volume of foreign trade was contributed by export-import of machinery and equipment in 2006. Export of technological products was the highest last year for first time, surpassing that of textiles and apparel.
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