2023
Exports
$1.57BWorld Rnk 32 / 225
Flag Rnk 17 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$5.5BWorld Rnk 28 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $1.57B in Pharmaceutical products, making it the 32nd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 17th most exported product in Romania. The main destination of Pharmaceutical products exports from Romania are: Germany ($240M), United States ($158M), Czechia ($137M), Hungary ($137M), and Bulgaria ($104M).

The fastest growing export markets for Pharmaceutical products of Romania between 2022 and 2023 were Bulgaria ($50.4M), Hungary ($38.1M), and United States ($28.3M).

Imports In 2023, Romania imported $5.5B in Pharmaceutical products, becoming the 28th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Romania. Romania imports Pharmaceutical products primarily from: Germany ($1.26B), Hungary ($793M), Switzerland ($516M), Netherlands ($463M), and France ($416M).

The fastest growing import markets in Pharmaceutical products for Romania between 2022 and 2023 were France ($161M), Germany ($154M), and Netherlands ($79.3M).

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 Pharmaceutical products. 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)$1.57B
IMPORTS (2023)$5.5B
NET TRADE (2023)-$3.93B

In 2023, Romania exported $1.57B in Pharmaceutical products. The main destinations of Romania exports on Pharmaceutical products were Germany ($240M), United States ($158M), Czechia ($137M), Hungary ($137M), and Bulgaria ($104M).

In 2023, Romania imported $5.5B in Pharmaceutical products, mainly from Germany ($1.26B), Hungary ($793M), Switzerland ($516M), Netherlands ($463M), and France ($416M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Bulgaria$50.4M (94.3%)
Hungary$38.1M (38.7%)
United States$28.3M (21.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Romania WERE (2022 - 2023):
Azerbaijan-$19.4M (-87%)
Vietnam-$8.53M (-43.1%)
Uzbekistan-$8.2M (-40.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Pharmaceutical products were:
In 2023, Romania's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135M
TOP IMPORT POTENTIALGermany+ $205M

Pharmaceutical products’s highest export potential is United States. With an export gap of $135M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $205M.

See methodology.

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