2022
Exports
$248MWorld Rnk 63 / 149
Flag Rnk 82 / 1204
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$6.3BWorld Rnk 27 / 158
Flag Rnk 1 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $248M in Crude Petroleum, making it the 63rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 82nd most exported product in Romania. The main destination of Crude Petroleum exports from Romania are: Bulgaria ($233M), Serbia ($14.5M), Bosnia and Herzegovina ($39.5k), Netherlands ($6.19k), and Turkey ($53).

The fastest growing export markets for Crude Petroleum of Romania between 2021 and 2022 were Bulgaria ($196M), Bosnia and Herzegovina ($23.6k), and Netherlands ($6.17k).

Imports In 2022, Romania imported $6.3B in Crude Petroleum, becoming the 27th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Romania. Romania imports Crude Petroleum primarily from: Russia ($2.63B), Kazakhstan ($2.29B), Turkey ($818M), Azerbaijan ($379M), and Norway ($61.4M).

The fastest growing import markets in Crude Petroleum for Romania between 2021 and 2022 were Russia ($1.87B), Kazakhstan ($862M), and Turkey ($426M).

Latest Trends

Aug 2024

Subnational Monthly Trade

View
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 Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$248M
IMPORTS (2022)$6.3B
NET TRADE (2022)-$6.05B

In 2022, Romania exported $248M in Crude Petroleum. The main destinations of Romania exports on Crude Petroleum were Bulgaria ($233M), Serbia ($14.5M), Bosnia and Herzegovina ($39.5k), Netherlands ($6.19k), and Turkey ($53).

In 2022, Romania imported $6.3B in Crude Petroleum, mainly from Russia ($2.63B), Kazakhstan ($2.29B), Turkey ($818M), Azerbaijan ($379M), and Norway ($61.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Bulgaria$196M (528%)
Netherlands$6.17k (36.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Romania WERE (2021 - 2022):
Italy-$13.4M (-100%)
Serbia-$219k (-1.48%)
Albania-$13.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Romania's main exporting competitors in Crude Petroleum were:
In 2022, Romania's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSerbia+ $7.98M
TOP IMPORT POTENTIALRussia+ $90.7M

Crude Petroleum’s highest export potential is Serbia. With an export gap of $7.98M.   Crude Petroleum’s highest import potential is Russia with an import gap of $90.7M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with