The trade balance deficit (FOB/CIF) in January 2026 stood at 2.325 billion euro, down 425.1 million euro (-15.5%) compared with January 2025, according to data the National Institute of Statistics (INS) published on Thursday.
According to the INS, in January 2026 FOB exports totalled 6.903 billion euro, while CIF imports totalled 9.228 billion euro. Compared with January 2025, exports in January 2026 decreased 4.7%, while imports fell 7.7%.
In January 2026, significant shares in the structure of exports and imports were held by the following product groups: machinery and transport equipment (45.3% of exports and 35.5% of imports) and other manufactured goods (27.8% of exports and 27.9% of imports).
The value of intra-EU27 trade in goods in January 2026 amounted to 5.040 billion euro in dispatches and 6.672 billion euro in arrivals, accounting for 73.0% of total exports and 72.3% of total imports.
The value of extra-EU27 trade in goods in January 2026 amounted to 1.862 billion euro in exports and 2.556 billion euro in imports, representing 27.0% of total exports and 27.7% of total imports.
According to the National Institute of Statistics, the FOB/CIF trade balance is calculated based on the value of FOB exports and CIF imports, as the difference between the two. A negative trade balance is called a deficit, while a positive balance is called a surplus.
The FOB (Free on Board) price represents the price at the border of the exporting country and includes the value of the goods, all transport costs up to the point of loading and all duties the goods must bear in order to be loaded on board. The CIF (Cost, Insurance, Freight) price represents the price at the border of the importing country and includes the components of the FOB price as well as the cost of insurance and international transport.
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