2023
Exports
$62.7MWorld Rnk 21 / 187
Flag Rnk 219 / 1203
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$144MWorld Rnk 22 / 216
Flag Rnk 209 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $62.7M in Electromagnets, making it the 21st largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 219th most exported product in Romania. The main destination of Electromagnets exports from Romania are: Germany ($39.5M), Italy ($4.36M), Czechia ($4.33M), Mexico ($4.06M), and Hungary ($2.64M).

The fastest growing export markets for Electromagnets of Romania between 2022 and 2023 were Mexico ($3.4M), Germany ($3.23M), and Italy ($2.78M).

Imports In 2023, Romania imported $144M in Electromagnets, becoming the 22nd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 209th most imported product in Romania. Romania imports Electromagnets primarily from: Germany ($89.2M), Austria ($9.91M), Italy ($9.86M), China ($7.21M), and Japan ($6.53M).

The fastest growing import markets in Electromagnets for Romania between 2022 and 2023 were Germany ($15.7M), Czechia ($1.78M), and Poland ($1.07M).

Latest Trends

Dec 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 Electromagnets. 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 (2023)$62.7M
IMPORTS (2023)$144M
NET TRADE (2023)-$81.1M

In 2023, Romania exported $62.7M in Electromagnets. The main destinations of Romania exports on Electromagnets were Germany ($39.5M), Italy ($4.36M), Czechia ($4.33M), Mexico ($4.06M), and Hungary ($2.64M).

In 2023, Romania imported $144M in Electromagnets, mainly from Germany ($89.2M), Austria ($9.91M), Italy ($9.86M), China ($7.21M), and Japan ($6.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Mexico$3.4M (515%)
Germany$3.23M (8.92%)
Italy$2.78M (176%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Romania WERE (2022 - 2023):
China-$1.23M (-40.3%)
United States-$556k (-61.6%)
Austria-$273k (-56.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Romania's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.48M
TOP IMPORT POTENTIALChina+ $7.15M

Electromagnets’s highest export potential is China. With an export gap of $3.48M.   Electromagnets’s highest import potential is China with an import gap of $7.15M.

See methodology.

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