The export of IT services has significantly increased in the last few years so whereas the 2016 to 2015 growth stood at 16%, exports of IT services rose by 66% compared with 2013, according to central bank data.
The international IT services trade (the difference between exports and imports) reached EUR1.7 billion, up 23% on 2015 and double as much as four years ago.
IT services continued to generate higher export revenue than tourism for the fourth year in a row. While exports of IT services generated EUR2.5 billion revenue last year, incoming tourists only spent EUR1.56 billion in 2016 (an increase of merely 1% on 2015). Transport services remained the top exported services, with about EUR5.5 billion in 2016 (up 5.3% on 2015).
In all, IT services exports accounted for 14% of the total services exports of Romania in 2016 and contributed 22% of the total international services trade of Romania.
Romania exported EUR17.6 billion services in 2016, according to central bank data, an increase of 6% on 2015.
(English version by Loredana Fratila-Cristescu)