2023
Exports
$1.74MWorld Rnk 39 / 107
Flag Rnk 765 / 1203
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$2.68MWorld Rnk 38 / 175
Flag Rnk 941 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $1.74M in Iron Ingots, making it the 39th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 765th most exported product in Romania. The main destination of Iron Ingots exports from Romania are: Greece ($535k), Austria ($319k), Germany ($264k), Spain ($229k), and Belgium ($152k).

The fastest growing export markets for Iron Ingots of Romania between 2022 and 2023 were Germany ($264k), Belgium ($152k), and Spain ($123k).

Imports In 2023, Romania imported $2.68M in Iron Ingots, becoming the 38th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 941st most imported product in Romania. Romania imports Iron Ingots primarily from: Poland ($737k), Hungary ($613k), Italy ($298k), Bulgaria ($235k), and Slovakia ($185k).

The fastest growing import markets in Iron Ingots for Romania between 2022 and 2023 were Denmark ($109k), Bulgaria ($88.5k), and Czechia ($79.5k).

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 Iron Ingots. 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)$1.74M
IMPORTS (2023)$2.68M
NET TRADE (2023)-$936k

In 2023, Romania exported $1.74M in Iron Ingots. The main destinations of Romania exports on Iron Ingots were Greece ($535k), Austria ($319k), Germany ($264k), Spain ($229k), and Belgium ($152k).

In 2023, Romania imported $2.68M in Iron Ingots, mainly from Poland ($737k), Hungary ($613k), Italy ($298k), Bulgaria ($235k), and Slovakia ($185k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Germany$264k (168k%)
Belgium$152k (1%)
Spain$123k (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Romania WERE (2022 - 2023):
Poland-$946k (-100%)
Greece-$354k (-39.8%)
Italy-$259k (-99.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Romania's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $233k
TOP IMPORT POTENTIALItaly+ $142k

Iron Ingots’s highest export potential is Italy. With an export gap of $233k.   Iron Ingots’s highest import potential is Italy with an import gap of $142k.

See methodology.

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