Refined Petroleum in Romania

EXPORTS (2018): $2.62B, World Rnk 42 / 198
Flag Rnk 4 / 1169

TOP DESTINATION (2018): $467M, Moldova

FASTEST GROWING MARKET (2017 - 2018): $232M, Egypt

IMPORTS (2018): $1.56B, World Rnk 79 / 221
Flag Rnk 7 / 1207

TOP ORIGIN (2018): $470M, Russia

FASTEST GROWING ORIGIN (2017 - 2018): $53.5M, Hungary

ECONOMIC COMPLEXITY of Romania (2018): 0.92, Rnk 29 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Exports: In 2018, Romania exported $2.62B in Refined Petroleum, making it the 42nd 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 ($467M), Bulgaria ($325M), Egypt ($314M), Greece ($232M), and Turkey ($207M).

The fastest growing export markets for Refined Petroleum of Romania between 2017 and 2018 were Egypt ($232M), Moldova ($113M), and Gibraltar ($109M).

Imports: In 2018, Romania imported $1.56B in Refined Petroleum, becoming the 79th 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 ($470M), Hungary ($339M), United States ($153M), Bulgaria ($99M), and Italy ($78.8M).

The fastest growing import markets in Refined Petroleum for Romania between 2017 and 2018 were Hungary ($53.5M), United States ($39.4M), and China ($38.5M).

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 (2018): $2.62B

IMPORTS (2018): $1.56B

NET TRADE (2018): $1.05B

In 2018, Romania exported $2.62B in Refined Petroleum. The main destinations of Romania exports on Refined Petroleum were Moldova ($467M), Bulgaria ($325M), Egypt ($314M), Greece ($232M), and Turkey ($207M).

In 2018, Romania imported $1.56B in Refined Petroleum, mainly from Russia ($470M), Hungary ($339M), United States ($153M), Bulgaria ($99M), and Italy ($78.8M).

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IN 2018, Romania HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2018, Romania HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Romania WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Romania WERE (2017 - 2018):

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Market Concentration

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Type

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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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Romania. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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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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