United States (USA) and Romania (ROU) Trade

2022

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Exports $1.27BRnk 73 / 219

2022

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About

United States-Romania In 2022, United States exported $1.27B to Romania. The main products that United States exported to Romania are Navigation Equipment ($123M), Explosive Ammunition ($105M), and Broadcasting Equipment ($73.3M). During the last 27 years the exports of United States to Romania have increased at an annualized rate of 4.29%, from $408M in 1995 to $1.27B in 2022.

In 2017, United States exported services to Romania worth $745M, with Travel ($287M), Other business services ($118M), and Royalties and license fees ($106M) being the largest in terms of value.

Romania-United States In 2022, Romania exported $2.93B to United States. The main products that Romania exported to United States were Steel Ingots ($336M), Rubber Tires ($219M), and Iron Pipes ($172M). During the last 27 years the exports of Romania to United States have increased at an annualized rate of 9.52%, from $252M in 1995 to $2.93B in 2022.

In 2020, Romania exported services to United States worth $1.52B, with Computer and information services ($829M), Other business services ($394M), and Travel ($129M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (352k), WAL-MART INC. (153k), and YOKOHAMA OFF-HIGHWAY TIRES AMERICA, (17.1k) were at the forefront of exporting goods from Romania to the United States. Conversely, DAMCO INDIA PVT LTD. (118k), ARAMIS INVEST SRL (61.1k), and AVIVA S.R.L (56.1k) were notable for importing Romania products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $106M and imported $310M from Romania, resulting in a negative trade balance of $204M. Between January 2023 and January 2024 the exports of United States have decreased by $-32.2M (-23.3%) from $138M to $106M, while imports decreased by $-24.6M (-7.35%) from $334M to $310M.

Trade In January 2024, the top exports of United States to Romania were Broadcasting Accessories ($34.5M), Coal Briquettes ($13.9M), Tanks and Armored vehicles ($4.83M), Petroleum Coke ($3.41M), and Liquid Dispersing Machines ($3.18M). In January 2024 the top imports of United States from Romania were Iron Pipes ($36.5M), Rubber Tires ($25.3M), Packaged Medicaments ($20.6M), Other Electrical Machinery ($16.7M), and Motor vehicles; parts and accessories (8701... ($16.1M).

Origins In January 2024 the exports of United States were mainly from Iowa ($15.1M), Texas ($11.4M), Louisiana ($11.3M), New York ($10.2M), and California ($7.11M), while imports destinations were mainly South Carolina ($45.2M), Texas ($35.5M), Alabama ($24.8M), Pennsylvania ($22.2M), and California ($18.2M).

Growth In January 2024, the decrease in United States's year-by-year exports to Romania was explained primarily by an decrease in product exports in Navigation Equipment ($-12.3M or -98.8%), Air Pumps ($-2.26M or -84.6%), and Electric Motor Parts ($-1.36M or -98.8%). In January 2024, the decrease in United States's year-by-year imports from Romania was explained primarily by an decrease in product imports in Steel Ingots ($-22.7M or -70.1%), Wood Fiberboard ($-2.17M or -98.1%), and Electric Batteries ($-1.9M or -85%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-32.2M(-23.3%)

IMPORT GROWTH (January 2023 - January 2024)$-24.6M(-7.35%)

MAIN EXPORTER (January 2024)Iowa$15.1M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Romania and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $1.27B to Romania. The main products exported from United States to Romania were Navigation Equipment ($123M), Explosive Ammunition ($105M), and Broadcasting Equipment ($73.3M). During the last 27 years the exports of United States to Romania have increased at an annualized rate of 4.29%, from $408M in 1995 to $1.27B in 2022.

In 2022, Romania exported $2.93B to United States. The main products exported from Romania to United States were Steel Ingots ($336M), Rubber Tires ($219M), and Iron Pipes ($172M). During the last 27 years the exports of Romania to United States have increased at an annualized rate of 9.52%, from $252M in 1995 to $2.93B in 2022.

Exports from United States () to Romania () (2022)

Exports from Romania () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Romania
Top DestinationGermany$18.8B

This map shows whether countries import more from United States or Romania. Each country is colored based on the difference in imports they receive from United States and Romania or the difference in the growth in imports.

In 2021, countries that imported more from United States than Romania were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Romania than United States were Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

Difference in imports from Romania () and United States () (2022)

Comparative Advantage United States - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Romania by product, considering products traded by both, United States and Romania.

During 2022, United States had a large net trade with Romania in the exports of Machines ($554M), Instruments ($130M), and Transportation ($109M).

During 2022, Romania had a large net trade with United States in the exports of Machines ($1.05B), Metals ($654M), and Plastics and Rubbers ($288M).

Service Trade

Bilateral Service Trade

Rou Year

Usa Year

In 2017, United States exported services to Romania worth $745M, with Travel ($287M), Other business services ($118M), and Royalties and license fees ($106M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Romania () (2017)

Services Exports from Romania () to United States () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over United States.

Product Space of United States () and Romania () (2022)

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