Crude Petroleum in Romania

EXPORTS (2018): $7.81M, World Rnk 95 / 120
Flag Rnk 484 / 1169

TOP DESTINATION (2018): $7.46M, Serbia

FASTEST GROWING MARKET (2017 - 2018): $5.63M, Serbia

IMPORTS (2018): $3.69B, World Rnk 34 / 148
Flag Rnk 2 / 1207

TOP ORIGIN (2018): $1.46B, Kazakhstan

FASTEST GROWING ORIGIN (2017 - 2018): $428M, Kazakhstan

ECONOMIC COMPLEXITY of Romania (2018): 0.92, Rnk 29 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Exports: In 2018, Romania exported $7.81M in Crude Petroleum, making it the 95th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 484th most exported product in Romania. The main destination of Crude Petroleum exports from Romania are: Serbia ($7.46M), Ukraine ($246k), Netherlands ($77.1k), and Moldova ($33.2k).

The fastest growing export markets for Crude Petroleum of Romania between 2017 and 2018 were Serbia ($5.63M) and Netherlands ($47.8k).

Imports: In 2018, Romania imported $3.69B in Crude Petroleum, becoming the 34th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Romania. Romania imports Crude Petroleum primarily from: Kazakhstan ($1.46B), Russia ($1.46B), Azerbaijan ($340M), Iraq ($339M), and Nigeria ($66.3M).

The fastest growing import markets in Crude Petroleum for Romania between 2017 and 2018 were Kazakhstan ($428M), Azerbaijan ($340M), and Russia ($294M).

Tariffs: In 2005, the average tariff for Romania in Crude Petroleum was 1.03%. The countries with the highest import tariffs for Crude Petroleum were Burundi (1.5%), Burkina Faso (1.5%), Botswana (1.5%), Central African Republic (1.5%), and Cote d'Ivoire (1.5%).

Value

EXPORTS (2018): $7.81M

IMPORTS (2018): $3.69B

NET TRADE (2018): -$3.68B

In 2018, Romania exported $7.81M in Crude Petroleum. The main destinations of Romania exports on Crude Petroleum were Serbia ($7.46M), Ukraine ($246k), Netherlands ($77.1k), and Moldova ($33.2k).

In 2018, Romania imported $3.69B in Crude Petroleum, mainly from Kazakhstan ($1.46B), Russia ($1.46B), Azerbaijan ($340M), Iraq ($339M), and Nigeria ($66.3M).

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IN 2018, Romania HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Romania WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Romania WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Romania's main exporting competitors in Crude Petroleum were:

In 2018, Romania's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Crude Petroleum in Romania. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2005, the average tariff for Romania in Crude Petroleum was 1.03%.

The countries with the highest tariffs for Crude Petroleum in Romania were Burundi (1.5%), Burkina Faso (1.5%), Botswana (1.5%), Central African Republic (1.5%), and Cote d'Ivoire (1.5%).

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