2022
Exports
$7.42BWorld Rnk 55 / 216
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$14.5BWorld Rnk 43 / 225
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $7.42B in Mineral fuels, mineral oils and products of their distillation, making it the 55th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 4th most exported product in Romania. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Romania are: Hungary ($2.57B), Moldova ($1.14B), Bulgaria ($742M), Serbia ($622M), and Ukraine ($459M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Romania between 2021 and 2022 were Hungary ($2.03B), Moldova ($760M), and Ukraine ($425M).

Imports In 2022, Romania imported $14.5B in Mineral fuels, mineral oils and products of their distillation, becoming the 43rd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most imported product in Romania. Romania imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($4.43B), Bulgaria ($2.37B), Kazakhstan ($2.34B), Turkey ($1.88B), and Hungary ($1.15B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Romania between 2021 and 2022 were Russia ($1.92B), Bulgaria ($1.72B), and Turkey ($1.36B).

COMPANIES In 2023, leading companies such as John Deere (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Romania to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Mineral fuels, mineral oils and products of their distillation. 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)$7.42B
IMPORTS (2022)$14.5B
NET TRADE (2022)-$7.09B

In 2022, Romania exported $7.42B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Romania exports on Mineral fuels, mineral oils and products of their distillation were Hungary ($2.57B), Moldova ($1.14B), Bulgaria ($742M), Serbia ($622M), and Ukraine ($459M).

In 2022, Romania imported $14.5B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($4.43B), Bulgaria ($2.37B), Kazakhstan ($2.34B), Turkey ($1.88B), and Hungary ($1.15B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Hungary$2.03B (370%)
Moldova$760M (201%)
Ukraine$425M (1.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Romania WERE (2021 - 2022):
Tunisia-$117M (-83.9%)
Azerbaijan-$36.3M (-95.5%)
Belgium-$27.3M (-81.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Romania's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Romania's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $139M
TOP IMPORT POTENTIALRussia+ $720M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Germany. With an export gap of $139M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Russia with an import gap of $720M.

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