United States (USA) and Romania (ROU) Trade

2023

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Exports $1.37BRnk 73 / 220

2023

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About

United States-Romania Trade: In 2023, United States exported $1.37B to Romania. The main products that United States exported to Romania were Navigation Equipment ($138M), Broadcasting Equipment ($118M), and Planes, Helicopters, and/or Spacecraft ($88.1M). Over the past 5 years the exports of United States to Romania have increased at an annualized rate of 4.95%, from $1.08B in 2018 to $1.37B in 2023.

In 2017, United States exported services to Romania worth $745M, with Travel ($287M), Other business services ($118M), and Royalties and license fees ($106M) being the largest in terms of value.

Romania-United States Trade: In 2023, Romania exported $3.84B to United States. The main products that Romania exported to United States were Rubber Tires ($263M), Iron Pipes ($214M), and Motor vehicles; parts and accessories (8701 to 8705) ($213M). Over the past 5 years the exports of Romania to United States have increased at an annualized rate of 7.82%, from $2.64B in 2018 to $3.84B in 2023.

In 2020, Romania exported services to United States worth $1.52B, with Computer and information services ($829M), Other business services ($394M), and Travel ($129M) being the largest in terms of value.

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Company data: In 2023, leading companies such as IKEA Group (4.76k), Yokohama Industries (2.03k), and Pirelli Tires (1.05k) were at the forefront of exporting goods from Romania to the United States. Conversely, Other (3.93k), Unknown (1.27k), and Pirelli Tyre S.p.a., Milan, Swiss B (1.05k) were notable for importing products to Romania from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $131M and imported $264M from Romania, resulting in a negative trade balance of $133M. Between November 2023 and November 2024 the exports of United States have increased by $23.6M (22%) from $107M to $131M, while imports decreased by $-62.9M (-19.2%) from $327M to $264M.

Trade In November 2024, the top exports of United States to Romania were Broadcasting Accessories ($34.5M), Coal Briquettes ($13.9M), Tanks and Armored vehicles ($4.83M), Petroleum Coke ($3.41M), and Liquid Dispersing Machines ($3.18M). In November 2024 the top imports of United States from Romania were Iron Pipes ($36.5M), Rubber Tires ($25.3M), Packaged Medicaments ($20.6M), Other Electrical Machinery ($16.7M), and Motor vehicles; parts and accessories (8701... ($16.1M).

Origins In November 2024 the exports of United States were mainly from New York ($38M), Texas ($12M), California ($9.82M), Pennsylvania ($6.14M), and Massachusetts ($5.85M), while imports destinations were mainly South Carolina ($39.2M), Pennsylvania ($27.9M), Texas ($23.1M), Alabama ($19.2M), and New Jersey ($12.8M).

Growth In November 2024, the increase in United States's year-by-year exports to Romania was explained primarily by an increase in product exports in Broadcasting Accessories ($34M or 6.81k%), Tanks and Armored vehicles ($4.79M or 11.3k%), and Tractors ($2.44M or 1.39k%). In November 2024, the decrease in United States's year-by-year imports from Romania was explained primarily by an decrease in product imports in Steel Ingots ($-22.7M or -70.1%), Wood Fiberboard ($-2.17M or -98.1%), and Electric Batteries ($-1.9M or -85%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$23.6M(22%)

IMPORT GROWTH (November 2023 - November 2024)$-62.9M(-19.2%)

MAIN EXPORTER (November 2024)New York$38M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Romania and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $1.37B to Romania. The main products exported from United States to Romania were Navigation Equipment ($138M), Broadcasting Equipment ($118M), and Planes, Helicopters, and/or Spacecraft ($88.1M). During the last 5 years the exports of United States to Romania have increased at an annualized rate of 4.95%, from $1.08B in 2018 to $1.37B in 2023.

In 2018, Romania exported $3.84B to United States. The main products exported from Romania to United States were Rubber Tires ($263M), Iron Pipes ($214M), and Motor vehicles; parts and accessories (8701 to 8705) ($213M). During the last 5 years the exports of Romania to United States have increased at an annualized rate of 7.82%, from $2.64B in 2023 to $3.84B in 2018.

Exports from United States () to Romania () (2023)

Exports from Romania () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Romania
Top DestinationGermany$19.9B

This map shows whether countries import more from United States or Romania. Each country is colored based on the difference in imports they receive from United States and Romania or the difference in the growth in imports.

In 2023, countries that imported more from United States than Romania included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Romania than United States included Bulgaria ($4.03B), Moldova ($1.41B), and Hungary ($4.22B).

Difference in imports from Romania () and United States () (2023)

Comparative Advantage United States - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Romania by product, considering products traded by both, United States and Romania.

During 2023, United States had a large net trade with Romania in the exports of Machines ($566M), Transportation ($234M), and Instruments ($142M).

During 2018, Romania had a large net trade with United States in the exports of Machines ($1.69B), Metals ($562M), and Plastics and Rubbers ($353M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Romania+$49.7MIntegrated Circuits

Top Product Potential Romania United States+$252MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Rou Year

Usa Year

In 2017, United States exported services to Romania worth $745M, with Travel ($287M), Other business services ($118M), and Royalties and license fees ($106M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Romania () (2017)

Services Exports from Romania () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Romania. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over United States.

Product Space of United States () and Romania () (2023)

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