Page 29 - Economic Outlook Romania 2019
P. 29

Deteriorating external picture






         Trade gap widening driven by faster import                         Services surplus not enough to cover the
         growth. Auto sector cannot compensate                              trade gap for goods


                                                                              13   (EURbn, 12M rolling)
           1.0                                                       -3.0
                                                                              10
           0.0                                                       -3.5
                                                                               7
                                                                     -4.0
          -1.0
                                                                               4
                                                                     -4.5
          -2.0                                                                 1
                                                                     -5.0
          -3.0        -5.2                                                     -2
                                                                     -5.5
                                                                               -5
          -4.0
                                    -5.9
                                                                     -6.0      -8
          -5.0
                                                                     -6.5     -11

          -6.0                                   -6.9                         -14
                                                                     -7.0
          -7.0                                                -7.5   -7.5     -17

                                                                              -20
          -8.0                                                       -8.0
                   2015         2016          2017         2018

                 Food               Raw materials      Fuel
                 Chemicals          Manufactured prod  Auto                         Goods              Services          Primary Income
                                                                                    Secondary Income   CA                CA+KA+FDI
                 Trade balance (rhs)


         29
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