2022
Exports
$275MWorld Rnk 8 / 196
Flag Rnk 74 / 1204
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$98.5MWorld Rnk 26 / 222
Flag Rnk 264 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $275M in Stranded Iron Wire, making it the 8th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 74th most exported product in Romania. The main destination of Stranded Iron Wire exports from Romania are: Germany ($56.5M), United States ($48.2M), Spain ($33.1M), Italy ($28.3M), and Czechia ($27.1M).

The fastest growing export markets for Stranded Iron Wire of Romania between 2021 and 2022 were United States ($13.9M), Germany ($10.5M), and Italy ($8.1M).

Imports In 2022, Romania imported $98.5M in Stranded Iron Wire, becoming the 26th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 264th most imported product in Romania. Romania imports Stranded Iron Wire primarily from: China ($23.7M), South Korea ($13.1M), Turkey ($12.3M), Hungary ($9.62M), and Italy ($7.23M).

The fastest growing import markets in Stranded Iron Wire for Romania between 2021 and 2022 were China ($17.8M), Turkey ($5.65M), and Egypt ($4.35M).

Latest Trends

Oct 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 Stranded Iron Wire. 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)$275M
IMPORTS (2022)$98.5M
NET TRADE (2022)$176M

In 2022, Romania exported $275M in Stranded Iron Wire. The main destinations of Romania exports on Stranded Iron Wire were Germany ($56.5M), United States ($48.2M), Spain ($33.1M), Italy ($28.3M), and Czechia ($27.1M).

In 2022, Romania imported $98.5M in Stranded Iron Wire, mainly from China ($23.7M), South Korea ($13.1M), Turkey ($12.3M), Hungary ($9.62M), and Italy ($7.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Romania WERE (2021 - 2022):
United States$13.9M (40.4%)
Germany$10.5M (22.8%)
Italy$8.1M (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Romania WERE (2021 - 2022):
Mexico-$4.44M (-100%)
France-$3.55M (-26.4%)
United Kingdom-$3.36M (-31.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Stranded Iron Wire were:
In 2022, Romania's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.37M
TOP IMPORT POTENTIALChina+ $6.16M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $8.37M.   Stranded Iron Wire’s highest import potential is China with an import gap of $6.16M.

See methodology.

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