2023
Exports
$4.11BWorld Rnk 8 / 223
Flag Rnk 3 / 1203
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$2.13BWorld Rnk 21 / 225
Flag Rnk 8 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $4.11B 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 ($1.41B), Czechia ($379M), Slovakia ($343M), Hungary ($276M), and Belgium ($207M).

The fastest growing export markets for Insulated Wire of Romania between 2022 and 2023 were Slovakia ($80.2M), Hungary ($66.1M), and United Kingdom ($49.4M).

Imports In 2023, Romania imported $2.13B in Insulated Wire, becoming the 21st 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 ($415M), Moldova ($283M), Italy ($184M), Hungary ($173M), and Czechia ($130M).

The fastest growing import markets in Insulated Wire for Romania between 2022 and 2023 were Hungary ($31.9M), Morocco ($29.3M), and Italy ($22M).

COMPANIES In 2024, leading companies such as Team Hardinger (14) and J.C. Bamford (1) were at the forefront of shipping Insulated Wire from Romania to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$4.11B
IMPORTS (2023)$2.13B
NET TRADE (2023)$1.98B

In 2023, Romania exported $4.11B in Insulated Wire. The main destinations of Romania exports on Insulated Wire were Germany ($1.41B), Czechia ($379M), Slovakia ($343M), Hungary ($276M), and Belgium ($207M).

In 2023, Romania imported $2.13B in Insulated Wire, mainly from Germany ($415M), Moldova ($283M), Italy ($184M), Hungary ($173M), and Czechia ($130M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Slovakia$80.2M (30.6%)
Hungary$66.1M (31.5%)
United Kingdom$49.4M (61.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Romania WERE (2022 - 2023):
Austria-$218M (-73.3%)
France-$49M (-20%)
Poland-$21.7M (-17.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Romania's main exporting competitors in Insulated Wire were:
In 2023, Romania's main importing competitors in Insulated Wire were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with