Preliminary statistics from the National Bank of Romania (BNR) show that from January to May, 2020, Romania’s total trade in services was €15.48 billion, down 11.2% year-on-year. The export was €9.6 billion, decreasing by 7.6%, and the export was €5.88 billion, decreasing by 16.6%. Trade surplus reached €37.2 billion, up 11.3%.

Sectors with the highest trade volumes include:

1. Transport

From January to May, 2020, Romania’s total trade in transport was €3.95 billion, down 11.2% year-on-year and accounting for 25.5% of the total trade. The export was €2.8 billion, decreasing by 12.4%, and the import was €1.15 billion, decreasing by 16.6%.

By modes of transport, road transport ranked top, with a volume of €2.86 billion, accounting for 72.4% of the total trade of transport. Air transport ranked second, with a volume of €0.39 billion, accounting for 9.8%.

2. Other business services

From January to May, 2020, Romania’s total trade in other business services was €4.03 billion, down 2.7% year-on-year and accounting for 39.6% of the total trade volume. The export was €1.02 billion, decreasing by 12.4%, and the import was €0.58 billion, decreasing by 16.6%.

Specifically, the import of technical, trade-related, and other business services was €2.17 billion, up 5.8% year-on-year and accounting for 53.7% of the total trade of other business services.

The total trade of professional and management consulting services was €1.6 billion, up 3% year-on-year and accounting for 39.6% of the trade volume of other business services.

3. Telecommunications, computer, and information services

From January to May, 2020, Romania’s total trade in telecommunications, computer, and information services was €3.53 billion, up 15% year-on-year and accounting for 22.8% of the total trade. The export was €2.48 billion, growing by 17.2%, and the import was €1.05 billion, growing by 10%.

4. Travel

From January to May, 2020, Romania’s total trade in travel was €1.73 billion, down 4.2% year-on-year and accounting for 11.2% of the total trade. The export was €0.53 billion, decreasing by 48.8%, and the import was €1.2 billion, decreasing by 38.5%,

5. Processing trade

From January to May, 2020, Romania’s total trade in travel was €1.73 billion, down 4.2% year-on-year and accounting for 11.2% of the total trade. The export was €0.95 billion, decreasing by 23.4%, and the import was €0.07 billion, growing by 7.6%.

Besides, The total trade in charges for the use of intellectual property n.i.e. was €0.32 billion, down 12.2%; The total trade in maintenance and repair services n.i.e. was €0.25 billion, down 8.8%; The total trade in construction was €0.17 billion, down 33.5%; The total trade in financial services was €0.2 billion, up 4.6%; and the total trade in insurance and pension services was €0.12 billion, down 18.7%. The total trade in personal, cultural and recreational services and government goods and services n.i.e was low.

(All information published in this website is authentic in Chinese. English is provided for reference only. )