Import coverage ratio

Field: Economic development and infrastructure

Subfield: Trade

Details:

This indicator divides total imports volume to total exports volume and shows to what degree what is purchased from external markets is compensated by what a country sells on the external markets. When import coverage ratio is low, to have a good balance of payments the country needs to find foreign currency financing (external credits, financial support from the IMF, foreign direct investment, etc.), meant to compensate the trade deficit that generates foreign currency deficit. Romania is the only country in the region that has an import coverage ratio below 100% (98% in 2015), in a period of economic growth. Poland’s import coverage ratio is 107%, and Hungary’s, 110%. EU average was 109% in 2015. In periods of economic growth this import coverage ratio dropped significantly in Romania (63% in 2007).

Import coverage ratio

Units: percentages; ratio: Total exports divided by total imports

Source:
- World Bank, variable Exports of goods and services (current US$)
- World Bank, variable Imports of goods and services (current US$)

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