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| TIM0812 - Target 1 - Economic - The value of Romania's trade balance with goods and services, by intra-EU and extra-EU areas |
| Definition |
The indicator is defined as the sum of the difference between the value of FOB exports and the value of FOB imports of goods (the balance of goods in the balance of payments) and the difference between the export and import of services recorded at the transaction value (balance of services).
See the content of the indicators under "Methodology". |
| Periodicity |
Annual |
| Data sources |
Balance of payments statistics |
| Methodology |
The main data sources used in compiling the indicators:
Goods: data on exports and imports of goods provided by NIS, sources and adjustments of NBR. FOB imports are calculated by the NBR based on the CIF / FOB conversion coefficient compiled by the INS. The principle of balance of payments implies the registration of goods on the criterion of "exchange of economic property"; it includes property belonging to residents, whether or not the property crosses the border of that country. In order to ensure compliance with the principle of "exchange of economic ownership", the data provided by the NIS are adjusted by the NBR, so that the values of exports and imports of goods in the balance of payments are different from those in international trade in goods;
Services: Statistical research "International trade in services" conducted by the NBR, adjustments for international tourism based on card transactions in resident-non-resident relationship, mathematical models. |
| Last update |
OCT 13, 2023 |
| Observations |
For further details visit quality profile of the indicator.
For additional information you may contact us by e-mail at: datestat@insse.ro or by phone at: 021-3181824 - extension 1278. |
| Responsible person |
Artur Simion - artur.simion@insse.ro; Elena Banica - elena.banica@insse.ro; tel: 1124 |
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