2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
falseWorld Rnk 27 / 158
Flag Rnk 1 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

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).

Historical Data

Trade Balance

Color
IMPORTS (2022)$6.3B

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).

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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

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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