United States (USA) and Romania (ROU) Trade

2022

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Exports $1.27BRnk 73 / 219

2022

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About

United States-Romania Trade: In 2022, United States exported $1.27B to Romania. The main products that United States exported to Romania were Navigation Equipment ($123M), Explosive Ammunition ($105M), and Broadcasting Equipment ($73.3M). Over the past 5 years the exports of United States to Romania have increased at an annualized rate of 0.4%, from $1.24B in 2017 to $1.27B in 2022.

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 2022, Romania exported $2.93B to United States. The main products that Romania exported to United States were Steel Ingots ($336M), Rubber Tires ($219M), and Iron Pipes ($172M). Over the past 5 years the exports of Romania to United States have increased at an annualized rate of 13%, from $1.59B in 2017 to $2.93B in 2022.

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 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

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 (3.92k), 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

August, 2024

About

Overview In August 2024, United States exported $117M and imported $349M from Romania, resulting in a negative trade balance of $232M. Between August 2023 and August 2024 the exports of United States have increased by $9.25M (8.6%) from $108M to $117M, while imports decreased by $-7.92M (-2.22%) from $356M to $349M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Arkansas ($31.2M), Texas ($12.9M), California ($9.84M), Pennsylvania ($9.14M), and New York ($5.11M), while imports destinations were mainly Texas ($75.8M), South Carolina ($50.7M), Alabama ($19.8M), Georgia ($15.8M), and New Jersey ($14.7M).

Growth In August 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 ($2.44M or 1.39k%). In August 2024, the decrease in United States's year-by-year imports from Romania was explained primarily by an decrease in product imports in Steel Ingots ($-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 (August 2023 - August 2024)$9.25M(8.6%)

IMPORT GROWTH (August 2023 - August 2024)$-7.92M(-2.22%)

MAIN EXPORTER (August 2024)Arkansas$31.2M

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 2022, United States exported $1.27B to Romania. The main products exported from United States to Romania were Navigation Equipment ($123M), Explosive Ammunition ($105M), and Broadcasting Equipment ($73.3M). During the last 5 years the exports of United States to Romania have increased at an annualized rate of 0.4%, from $1.24B in 2017 to $1.27B in 2022.

In 2017, Romania exported $2.93B to United States. The main products exported from Romania to United States were Steel Ingots ($336M), Rubber Tires ($219M), and Iron Pipes ($172M). During the last 5 years the exports of Romania to United States have increased at an annualized rate of 13%, from $1.59B in 2022 to $2.93B in 2017.

Exports from United States () to Romania () (2022)

Exports from Romania () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Romania
Top DestinationGermany$18.8B

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 2022, countries that imported more from United States than Romania included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Romania than United States included Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

Difference in imports from Romania () and United States () (2022)

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 2022, United States had a large net trade with Romania in the exports of Machines ($554M), Instruments ($130M), and Transportation ($109M).

During 2017, Romania had a large net trade with United States in the exports of Machines ($1.05B), Metals ($654M), and Plastics and Rubbers ($288M).

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 () (2022)

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