The preliminary statistics released by BNR show that in January-November 2019, the total volume of import and export of Romania’s trade in services was 40.21 billion euros, up 13.5% year on year. Of the total amount, the export volume was 24.02 billion euros, up 11.4% year on year, and the import volume was 16.19 billion euros, up 16.8% year on year. The surplus of service trade was 7.83 billion euros, up 1.7% year on year.

In terms of sectors, the following sectors recorded comparatively high volume of import and export of service trade.

1. Transportation Services

In January-November 2019, the volume of the import and export of transportation services reached 10.42 billion euros, up 15.2% year on year, accounting for 25.9% of the total service trade volume. Of the total amount, the export volume was 7.22 billion euros, with an increase of 13.6% year on year, and the import volume was 3.21 billion euros, with an increase of 19% year on year.

In terms of transportation mode, road transportation services took up the biggest proportion, with import and export volume being 6.99 billion euros, accounting for 67.1% of the total trade volume of transportation services, followed by air transportation service, with a trade volume of 2.01 billion euros, taking up 19.2%.

2. Other Business Services

In January-November 2019, the import and export volume of other business services was 9.24 billion euros, with an increase of 18.3% year on year, accounting for 23% of the total service trade volume. Of the total amount, the export volume was 4.99 billion euros, with an increase of 14.9% year on year, and the import volume was 4.25 billion euros, with an increase of 22.6% year on year.

More specifically, the import and export volume of technology, trade-related and other business services was 4.89 billion euros, with an increase of 18.8% year on year; the export volume was 2.54 billion euros, with an increase of 16.9% year on year; the import volume was 2.35 billion euros, with an increase of 21% year on year.

The import and export volume of professional and managerial advisory services was 3.49 billion euros, with an increase of 11.4% year on year; the export volume was 2.18 billion euros, with an increase of 13.2% year on year; and the import volume was 1.31 billion euros, with an increase of 8.4% year on year.

3. Telecommunication, Computers and Information Services

In January-November 2019, the import and export volume of telecommunication, computers and information services was 7.07 billion euros, with an increase of 14.9% year on year, accounting for 17.6% of the total service trade volume. Of the total amount, the export volume was 4.91 billion euros, with an increase of 14% year on year, and the import volume was 2.17 billion euros, with an increase of 17% year on year.

4. Tourism Services

In January-November 2019, the import and export volume of trade in tourism services was 7.68 billion euros, with an increase of 13.3% year on year, accounting for 19.1% of the total service trade volume. Of the total amount, the export volume was 2.82 billion euros, with an increase of 6.9% year on year, and the import volume was 4.85 billion euros, with an increase of 17.4% year on year.

5. Processing Trade

In January-November 2019, the import and export volume of processing trade was 2.85 billion euros, with a decrease of 0.6% year on year, accounting for 7.1% of the total service trade volume. Of the total amount, the export volume was 2.71 billion euros, with an increase of 0.4% year on year, and the import volume was 140 million euros, with a decrease of 17.1% year on year.

Besides, the import and export volume of intellectual property royalties was 820 million euros, with an increase of 3% year on year, accounting for 2% of the total volume of service trade. The import and export volume of maintenance services was 610 million euros, with an increase of 3.4% year on year, accounting for 1.5% of the total volume of service trade. The import and export volume of construction services was 540 million euros, with an increase of 9.4% year on year, accounting for 1.3% of the total volume of service trade. The import and export volume of financial services was 460 million euros, with a decrease of 6.7% year on year, accounting for 1.1% of the total volume of service trade. The import and export volume of insurance and pension services was 270 million euros, with an increase of 27% year on year, accounting for 0.7% of the total volume of service trade. The volume of import and export of human resources, culture, entertainment and government services was less significant.

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