HS Icon Hot-Rolled Iron in  Flag Romania

2021
Exports | Imports
: $1.18B | $302M, World Rnk 18 / 153
Flag Rnk 12 / 1199 | World Rnk 47 / 212
Flag Rnk 87 / 1213

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $158M | $36.7M, Italy |  Ukraine

2021
ECONOMIC COMPLEXITY of Romania
: 1.07, Rnk 26 / 131

2021
PRODUCT COMPLEXITY IN Hot-Rolled Iron
: 0.35, Rnk 429 / 1029

Exports In 2021, Romania exported $1.18B in Hot-Rolled Iron, making it the 18th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 12th most exported product in Romania. The main destination of Hot-Rolled Iron exports from Romania are: Italy ($200M), Bulgaria ($156M), Turkey ($129M), North Macedonia ($117M), and Austria ($76M).

The fastest growing export markets for Hot-Rolled Iron of Romania between 2020 and 2021 were Italy ($158M), Bulgaria ($65.1M), and Austria ($59M).

Imports In 2021, Romania imported $302M in Hot-Rolled Iron, becoming the 47th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 87th most imported product in Romania. Romania imports Hot-Rolled Iron primarily from: Ukraine ($70.1M), Bulgaria ($33.4M), Italy ($24.2M), Slovakia ($19.6M), and Austria ($18.3M).

The fastest growing import markets in Hot-Rolled Iron for Romania between 2020 and 2021 were Ukraine ($36.7M), Bulgaria ($19.2M), and India ($15.6M).

Tariffs In 2005, the average tariff for Romania in Hot-Rolled Iron was 16.2%. The countries with the highest import tariffs for Hot-Rolled Iron were Burundi (Most Favoured Nation duty rate treatment, 19%), Burkina Faso (Most Favoured Nation duty rate treatment, 19%), Botswana (Most Favoured Nation duty rate treatment, 19%), Central African Republic (Most Favoured Nation duty rate treatment, 19%), and Cote d'Ivoire (Most Favoured Nation duty rate treatment, 19%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Hot-Rolled Iron. 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

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EXPORTS (2021): $1.18B

IMPORTS (2021): $302M

NET TRADE (2021): $874M

In 2021, Romania exported $1.18B in Hot-Rolled Iron. The main destinations of Romania exports on Hot-Rolled Iron were Italy ($200M), Bulgaria ($156M), Turkey ($129M), North Macedonia ($117M), and Austria ($76M).

In 2021, Romania imported $302M in Hot-Rolled Iron, mainly from Ukraine ($70.1M), Bulgaria ($33.4M), Italy ($24.2M), Slovakia ($19.6M), and Austria ($18.3M).

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THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Romania WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Romania WERE (2020 - 2021):

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Market Concentration

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In 2021, Romania's main exporting competitors in Hot-Rolled Iron were:

In 2021, Romania's main importing competitors in Hot-Rolled Iron were:

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