2022
Exports
$4.15BWorld Rnk 8 / 222
Flag Rnk 3 / 1204
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$2.05BWorld Rnk 20 / 225
Flag Rnk 8 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $4.15B in Insulated Wire, making it the 8th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 3rd most exported product in Romania. The main destination of Insulated Wire exports from Romania are: Germany ($1.38B), Czechia ($331M), Austria ($303M), Slovakia ($278M), and France ($240M).

The fastest growing export markets for Insulated Wire of Romania between 2021 and 2022 were Moldova ($57M), Germany ($22.6M), and Canada ($21.6M).

Imports In 2022, Romania imported $2.05B in Insulated Wire, becoming the 20th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 8th most imported product in Romania. Romania imports Insulated Wire primarily from: Germany ($368M), Moldova ($283M), Italy ($168M), Hungary ($145M), and Czechia ($128M).

The fastest growing import markets in Insulated Wire for Romania between 2021 and 2022 were Morocco ($32.6M), Hungary ($32.2M), and Germany ($19.1M).

COMPANIES In 2023, leading companies such as IKEA Group (9) and Team Hardinger (4) were at the forefront of shipping Insulated Wire from Romania to the United States.

Latest Trends

Sep 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 Insulated Wire. 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)$4.15B
IMPORTS (2022)$2.05B
NET TRADE (2022)$2.09B

In 2022, Romania exported $4.15B in Insulated Wire. The main destinations of Romania exports on Insulated Wire were Germany ($1.38B), Czechia ($331M), Austria ($303M), Slovakia ($278M), and France ($240M).

In 2022, Romania imported $2.05B in Insulated Wire, mainly from Germany ($368M), Moldova ($283M), Italy ($168M), Hungary ($145M), and Czechia ($128M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Moldova$57M (82.2%)
Germany$22.6M (1.66%)
Canada$21.6M (312%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Romania WERE (2021 - 2022):
Austria-$166M (-35.3%)
Israel-$40.5M (-67.1%)
Ukraine-$34.8M (-47.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Insulated Wire were:
In 2022, Romania's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.3M
TOP IMPORT POTENTIALChina+ $77.2M

Insulated Wire’s highest export potential is United States. With an export gap of $88.3M.   Insulated Wire’s highest import potential is China with an import gap of $77.2M.

See methodology.

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