Refined Petroleum in Romania

EXPORTS (2019): $2.37B, World Rnk 38 / 214
Flag Rnk 4 / 1202

TOP DESTINATION (2019): $476M, Moldova

FASTEST GROWING MARKET (2018 - 2019): $55.6M, Serbia

IMPORTS (2019): $1.41B, World Rnk 78 / 225
Flag Rnk 7 / 1214

TOP ORIGIN (2019): $729M, Russia

FASTEST GROWING ORIGIN (2018 - 2019): $259M, Russia

ECONOMIC COMPLEXITY of Romania (2019): 1.12, Rnk 25 / 157

PRODUCT COMPLEXITY  IN Refined Petroleum (2019): -0.87, Rnk 800 / 1029

Exports: In 2019, Romania exported $2.37B in Refined Petroleum, making it the 38th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Romania. The main destination of Refined Petroleum exports from Romania are: Moldova ($476M), Bulgaria ($340M), Georgia ($186M), Greece ($182M), and Egypt ($162M).

The fastest growing export markets for Refined Petroleum of Romania between 2018 and 2019 were Serbia ($55.6M), United States ($26.9M), and Israel ($23.4M).

Imports: In 2019, Romania imported $1.41B in Refined Petroleum, becoming the 78th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Romania. Romania imports Refined Petroleum primarily from: Russia ($729M), Hungary ($230M), Bulgaria ($67.1M), Germany ($63.7M), and Italy ($59.9M).

The fastest growing import markets in Refined Petroleum for Romania between 2018 and 2019 were Russia ($259M), Netherlands ($20.7M), and Turkey ($19.6M).

Tariffs: In 2005, the average tariff for Romania in Refined Petroleum was 2.33%. The countries with the highest import tariffs for Refined Petroleum were Burundi (2.69%), Burkina Faso (2.69%), Botswana (2.69%), Central African Republic (2.69%), and Cote d'Ivoire (2.69%).

Value

EXPORTS (2019): $2.37B

IMPORTS (2019): $1.41B

NET TRADE (2019): $962M

In 2019, Romania exported $2.37B in Refined Petroleum. The main destinations of Romania exports on Refined Petroleum were Moldova ($476M), Bulgaria ($340M), Georgia ($186M), Greece ($182M), and Egypt ($162M).

In 2019, Romania imported $1.41B in Refined Petroleum, mainly from Russia ($729M), Hungary ($230M), Bulgaria ($67.1M), Germany ($63.7M), and Italy ($59.9M).

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IN 2019, Romania HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Romania HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Romania WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Romania WERE (2018 - 2019):

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Market Concentration

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In 2018, Romania's main exporting competitors in Refined Petroleum were:

In 2018, Romania's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2005, the average tariff for Romania in Refined Petroleum was 2.33%.

The countries with the highest tariffs for Refined Petroleum in Romania were Burundi (2.69%), Burkina Faso (2.69%), Botswana (2.69%), Central African Republic (2.69%), and Cote d'Ivoire (2.69%).

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