2023
Exports
$2.9BWorld Rnk 40 / 214
Flag Rnk 6 / 1203
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$3.41BWorld Rnk 62 / 226
Flag Rnk 5 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $2.9B in Refined Petroleum, making it the 40th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Romania. The main destination of Refined Petroleum exports from Romania are: Moldova ($681M), Ukraine ($516M), Bulgaria ($241M), Libya ($170M), and Georgia ($168M).

The fastest growing export markets for Refined Petroleum of Romania between 2022 and 2023 were Libya ($64M), Spain ($56.4M), and Cyprus ($39.5M).

Imports In 2023, Romania imported $3.41B in Refined Petroleum, becoming the 62nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in Romania. Romania imports Refined Petroleum primarily from: India ($835M), Turkey ($468M), Italy ($328M), Hungary ($249M), and Greece ($225M).

The fastest growing import markets in Refined Petroleum for Romania between 2022 and 2023 were India ($793M), Turkey ($219M), and Greece ($165M).

COMPANIES In 2024, leading companies such as John Deere (3) and ABB Motors and Mechanical (1) were at the forefront of shipping Refined Petroleum from Romania to the United States.

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 Refined Petroleum. 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)$2.9B
IMPORTS (2023)$3.41B
NET TRADE (2023)-$510M

In 2023, Romania exported $2.9B in Refined Petroleum. The main destinations of Romania exports on Refined Petroleum were Moldova ($681M), Ukraine ($516M), Bulgaria ($241M), Libya ($170M), and Georgia ($168M).

In 2023, Romania imported $3.41B in Refined Petroleum, mainly from India ($835M), Turkey ($468M), Italy ($328M), Hungary ($249M), and Greece ($225M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Libya$64M (60.6%)
Spain$56.4M (819%)
Cyprus$39.5M (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Romania WERE (2022 - 2023):
Moldova-$267M (-28.2%)
Bulgaria-$114M (-32.1%)
Morocco-$111M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Refined Petroleum were:
In 2023, Romania's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $90.1M
TOP IMPORT POTENTIALRussia+ $289M

Refined Petroleum’s highest export potential is Turkey. With an export gap of $90.1M.   Refined Petroleum’s highest import potential is Russia with an import gap of $289M.

See methodology.

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