2023
Exports
$1.06MWorld Rnk 42 / 99
Flag Rnk 846 / 1203
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$363kWorld Rnk 60 / 142
Flag Rnk 1098 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $1.06M in Iron Reductions, making it the 42nd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 846th most exported product in Romania. The main destination of Iron Reductions exports from Romania are: Germany ($500k), Spain ($180k), Netherlands ($171k), Belgium ($149k), and Saudi Arabia ($37.4k).

The fastest growing export markets for Iron Reductions of Romania between 2022 and 2023 were Germany ($228k), Spain ($86.8k), and Saudi Arabia ($37.4k).

Imports In 2023, Romania imported $363k in Iron Reductions, becoming the 60th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1098th most imported product in Romania. Romania imports Iron Reductions primarily from: Bulgaria ($199k), China ($47.8k), France ($47.2k), Germany ($30.4k), and Italy ($24.6k).

The fastest growing import markets in Iron Reductions for Romania between 2022 and 2023 were China ($47.8k), Poland ($312), and Denmark ($31).

Latest Trends

Dec 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 Iron Reductions. 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 (2023)$1.06M
IMPORTS (2023)$363k
NET TRADE (2023)$692k

In 2023, Romania exported $1.06M in Iron Reductions. The main destinations of Romania exports on Iron Reductions were Germany ($500k), Spain ($180k), Netherlands ($171k), Belgium ($149k), and Saudi Arabia ($37.4k).

In 2023, Romania imported $363k in Iron Reductions, mainly from Bulgaria ($199k), China ($47.8k), France ($47.2k), Germany ($30.4k), and Italy ($24.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Germany$228k (83.8%)
Spain$86.8k (93%)
Saudi Arabia$37.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Romania WERE (2022 - 2023):
Netherlands-$161k (-48.5%)
France-$10k (-97.2%)
Denmark-$8.23k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Iron Reductions were:
In 2023, Romania's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $129k
TOP IMPORT POTENTIALBulgaria+ $38k

Iron Reductions’s highest export potential is Germany. With an export gap of $129k.   Iron Reductions’s highest import potential is Bulgaria with an import gap of $38k.

See methodology.

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