2023
Exports
$93.2MWorld Rnk 68 / 150
Flag Rnk 163 / 1203
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$4.15BWorld Rnk 33 / 159
Flag Rnk 4 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $93.2M in Crude Petroleum, making it the 68th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 163rd most exported product in Romania. The main destination of Crude Petroleum exports from Romania are: Bulgaria ($85.8M), Serbia ($7.4M), Ukraine ($20.5k), Netherlands ($19.1k), and Bosnia and Herzegovina ($18.7k).

The fastest growing export markets for Crude Petroleum of Romania between 2022 and 2023 were Ukraine ($20.5k), Netherlands ($12.1k), and Norway ($14).

Imports In 2023, Romania imported $4.15B in Crude Petroleum, becoming the 33rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Romania. Romania imports Crude Petroleum primarily from: Kazakhstan ($2.52B), Libya ($653M), Azerbaijan ($273M), Iraq ($181M), and Norway ($176M).

The fastest growing import markets in Crude Petroleum for Romania between 2022 and 2023 were Kazakhstan ($894M), Libya ($653M), and Iraq ($181M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$93.2M
IMPORTS (2023)$4.15B
NET TRADE (2023)-$4.06B

In 2023, Romania exported $93.2M in Crude Petroleum. The main destinations of Romania exports on Crude Petroleum were Bulgaria ($85.8M), Serbia ($7.4M), Ukraine ($20.5k), Netherlands ($19.1k), and Bosnia and Herzegovina ($18.7k).

In 2023, Romania imported $4.15B in Crude Petroleum, mainly from Kazakhstan ($2.52B), Libya ($653M), Azerbaijan ($273M), Iraq ($181M), and Norway ($176M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Ukraine$20.5k (1%)
Netherlands$12.1k (172%)
Norway$14 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Romania WERE (2022 - 2023):
Bulgaria-$172M (-66.7%)
Serbia-$8.71M (-54.1%)
Bosnia and Herzegovina-$24.4k (-56.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Crude Petroleum were:
In 2023, Romania's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSerbia+ $7.98M
TOP IMPORT POTENTIALRussia+ $90.7M

Crude Petroleum’s highest export potential is Serbia. With an export gap of $7.98M.   Crude Petroleum’s highest import potential is Russia with an import gap of $90.7M.

See methodology.

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