Romania's recent trend of a narrowing trade deficit has halted during the months of June and July. Data shows that imports increased by 4.7% year-on-year in the second quarter and by 4.2% year-on-year in July.
This growth in imports occurred despite weaker domestic consumption and was primarily driven by investment. Further improvements to the external trade balance remain dependent on a broader economic recovery.
Looking ahead, analysts note that lower demand for investment in 2027—following a PNRR-driven rally anticipated for 2026—could also contribute to future shifts in the trade balance.
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