HS Icon Refined Petroleum in  Flag Romania

2020
Exports | Imports
: $1.37B | $1.19B, World Rnk 42 / 212
Flag Rnk 7 / 1193 | World Rnk 73 / 224
Flag Rnk 8 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $73.9M | $42.5M, Gibraltar |  Hungary

2020
ECONOMIC COMPLEXITY of Romania
: 1.01, Rnk 26 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Romania exported $1.37B in Refined Petroleum, making it the 42nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Romania. The main destination of Refined Petroleum exports from Romania are: Moldova ($258M), Bulgaria ($222M), Gibraltar ($169M), Georgia ($87M), and Lebanon ($76.8M).

The fastest growing export markets for Refined Petroleum of Romania between 2019 and 2020 were Gibraltar ($73.9M), Algeria ($23.9M), and Libya ($19M).

Imports In 2018, Romania imported $1.19B in Refined Petroleum, becoming the 73rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most imported product in Romania. Romania imports Refined Petroleum primarily from: Russia ($483M), Hungary ($273M), Germany ($60.8M), Italy ($58.6M), and Turkey ($53.4M).

The fastest growing import markets in Refined Petroleum for Romania between 2019 and 2020 were Hungary ($42.5M), Turkey ($19.2M), and Kazakhstan ($13.2M).

Subnational Monthly Trade

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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

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EXPORTS (2020): $1.37B

IMPORTS (2020): $1.19B

NET TRADE (2020): $175M

In 2020, Romania exported $1.37B in Refined Petroleum. The main destinations of Romania exports on Refined Petroleum were Moldova ($258M), Bulgaria ($222M), Gibraltar ($169M), Georgia ($87M), and Lebanon ($76.8M).

In 2020, Romania imported $1.19B in Refined Petroleum, mainly from Russia ($483M), Hungary ($273M), Germany ($60.8M), Italy ($58.6M), and Turkey ($53.4M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Romania WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Romania WERE (2019 - 2020):

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Market Concentration

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In 2020, Romania's main exporting competitors in Refined Petroleum were:

In 2020, Romania's main importing competitors in Refined Petroleum were:

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