2022
Exports
$338MWorld Rnk 4 / 91
Flag Rnk 60 / 1204
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$68.4MWorld Rnk 14 / 163
Flag Rnk 320 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $338M in Steel Ingots, making it the 4th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 60th most exported product in Romania. The main destination of Steel Ingots exports from Romania are: United States ($336M), India ($552k), France ($310k), Serbia ($197k), and Germany ($92.5k).

The fastest growing export markets for Steel Ingots of Romania between 2021 and 2022 were United States ($223M), India ($552k), and Serbia ($123k).

Imports In 2022, Romania imported $68.4M in Steel Ingots, becoming the 14th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 320th most imported product in Romania. Romania imports Steel Ingots primarily from: China ($18.3M), Russia ($11.4M), Austria ($9.35M), Germany ($6.89M), and Sweden ($6.12M).

The fastest growing import markets in Steel Ingots for Romania between 2021 and 2022 were China ($18.3M), Sweden ($5.32M), and Austria ($4.59M).

Latest Trends

Sep 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 Steel Ingots. 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 (2022)$338M
IMPORTS (2022)$68.4M
NET TRADE (2022)$269M

In 2022, Romania exported $338M in Steel Ingots. The main destinations of Romania exports on Steel Ingots were United States ($336M), India ($552k), France ($310k), Serbia ($197k), and Germany ($92.5k).

In 2022, Romania imported $68.4M in Steel Ingots, mainly from China ($18.3M), Russia ($11.4M), Austria ($9.35M), Germany ($6.89M), and Sweden ($6.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Romania WERE (2021 - 2022):
United States$223M (196%)
India$552k (1%)
Serbia$123k (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Romania WERE (2021 - 2022):
Germany-$416k (-81.8%)
Italy-$92.8k (-89%)
Mexico-$58.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Steel Ingots were:
In 2022, Romania's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $946k
TOP IMPORT POTENTIALItaly+ $1.66M

Steel Ingots’s highest export potential is India. With an export gap of $946k.   Steel Ingots’s highest import potential is Italy with an import gap of $1.66M.

See methodology.

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