Trade Trend

In 2023, Romania's total export value is 100.62Billion USD, total import value is 131.92Billion USD, Deficit is -31.30Billion USD, and foreign trade dependency is 0.663. In 2023，Romania's top export products are Motor vehicles; parts and accessories, of heading no. 8701 to 8705(7.75Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(6.91Billion USD), Insulated wire, cable and other electric conductors, connector fitted or not; optical fibre cables of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors(4.40Billion USD), top export destinations are Germany(20.97Billion USD), Italy(10.23Billion USD), France(6.38Billion USD). In 2023, Romania's top import products are Motor vehicles; parts and accessories, of heading no. 8701 to 8705(5.37Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(4.45Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(4.28Billion USD), top import origins are Germany(25.59Billion USD), Italy(11.42Billion USD), Hungary(8.54Billion USD).

Comparing to 2022, Romania's total export value increased 3.92Billion USD(4.05%) in 2023, this could result from its export increases of products such as Motor vehicles; parts and accessories, of heading no. 8701 to 8705(1.05Billion USD or 15.59%), None(786.45Million USD or 176.52%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(755.37Million USD or 12.27%) and export increases to countries/economics such as Germany(1.77Billion USD or 9.24%), None(834.27Million USD or 178.24%), Italy(662.11Million USD or 6.92%). Comparing to 2022, Romania's total import value decreased -544.78Million USD(-0.41%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-2.30Billion USD or -63.16%), Petroleum oils and oils obtained from bituminous minerals; crude(-1.41Billion USD or -23.99%), Electrical energy(-1.33Billion USD or -50.92%), and its import decreases from countries/economies such as Russia(-3.75Billion USD or -91.50%), Bulgaria(-2.75Billion USD or -30.89%), Ukraine(-790.56Million USD or -34.51%).

Cumulated to first 7 months of 2024, Romania's total export value is 35.34Billion USD, total import value is 45.63Billion USD, and tradedeficit is -10.30Billion USD. Cumulated to first 7 months of 2024, Romania's top export products are Commodities not specified according to kind(6.33Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(2.45Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.17Billion USD), and top export destinations are None(6.33Billion USD), Germany(5.37Billion USD), Italy(2.43Billion USD). Cumulated to first 7 months of 2024, Romania's top import products are Commodities not specified according to kind(6.33Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(2.45Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(2.17Billion USD), and top import origins areNone(8.55Billion USD), Germany(6.48Billion USD), China(3.21Billion USD).