2022
Exports | Imports
$248M | $6.3BWorld Rnk 63 / 149
Flag Rnk 82 / 1204
World Rnk 27 / 158
Flag Rnk 1 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.05Rnk 22 / 124
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.44Rnk 1015 / 1025

About

Exports In 2022, Romania exported $248M in Crude Petroleum, making it the 63rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 82nd most exported product in Romania. The main destination of Crude Petroleum exports from Romania are: Bulgaria ($233M), Serbia ($14.5M), Bosnia and Herzegovina ($39.5k), Netherlands ($6.19k), and Turkey ($53).

The fastest growing export markets for Crude Petroleum of Romania between 2021 and 2022 were Bulgaria ($196M), Bosnia and Herzegovina ($23.6k), and Netherlands ($6.17k).

Imports In 2022, Romania imported $6.3B in Crude Petroleum, becoming the 27th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Romania. Romania imports Crude Petroleum primarily from: Russia ($2.63B), Kazakhstan ($2.29B), Turkey ($818M), Azerbaijan ($379M), and Norway ($61.4M).

The fastest growing import markets in Crude Petroleum for Romania between 2021 and 2022 were Russia ($1.87B), Kazakhstan ($862M), and Turkey ($426M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Romania to the United States.

Latest Trends

Jan 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 (2022)$248M
IMPORTS (2022)$6.3B
NET TRADE (2022)-$6.05B

In 2022, Romania exported $248M in Crude Petroleum. The main destinations of Romania exports on Crude Petroleum were Bulgaria ($233M), Serbia ($14.5M), Bosnia and Herzegovina ($39.5k), Netherlands ($6.19k), and Turkey ($53).

In 2022, Romania imported $6.3B in Crude Petroleum, mainly from Russia ($2.63B), Kazakhstan ($2.29B), Turkey ($818M), Azerbaijan ($379M), and Norway ($61.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Bulgaria$196M (528%)
Netherlands$6.17k (36.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Romania WERE (2021 - 2022):
Italy-$13.4M (-100%)
Serbia-$219k (-1.48%)
Albania-$13.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Crude Petroleum were:
In 2022, Romania's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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