Foreign trade statistics keep on the upswing

Exports increased by 20.1 percent y/y to €288.1 billion in January-December 2021, while imports rose by 26.3 percent y/y in the period to €289.6 billion, according to the Central Statistical Office (GUS).

The negative balance was €1.5 billion, compared to a positive balance of €10.5 billion in 2020.

"Exports expressed in U.S. dollars amounted to $342 billion, and imports amounted to $343.5 billion (an increase of 25.4 percent in exports and 31.8 percent in imports, respectively). The negative balance stood at $1.5 billion, while in the corresponding period of 2020 it was positive at $12.0 billion," the release reads.

Since May 1, 2004, in addition to data from SAD customs documents, Foreign Trade Statistics has used, as part of its turnover with European Union member states, INTRASTAT declarations.

(ISBnews)