2022
Exports
$3.84MWorld Rnk 25 / 114
Flag Rnk 653 / 1204
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$9.8MWorld Rnk 13 / 172
Flag Rnk 725 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $3.84M in Iron Ingots, making it the 25th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 653rd most exported product in Romania. The main destination of Iron Ingots exports from Romania are: Hungary ($1.1M), Poland ($887k), Greece ($834k), Austria ($330k), and Italy ($260k).

The fastest growing export markets for Iron Ingots of Romania between 2021 and 2022 were Hungary ($706k), Greece ($571k), and Austria ($228k).

Imports In 2022, Romania imported $9.8M in Iron Ingots, becoming the 13th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 725th most imported product in Romania. Romania imports Iron Ingots primarily from: India ($7M), Poland ($1.05M), Hungary ($640k), Italy ($450k), and Bulgaria ($140k).

The fastest growing import markets in Iron Ingots for Romania between 2021 and 2022 were India ($7M), Poland ($321k), and Slovakia ($121k).

Latest Trends

Oct 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 (2022)$3.84M
IMPORTS (2022)$9.8M
NET TRADE (2022)-$5.96M

In 2022, Romania exported $3.84M in Iron Ingots. The main destinations of Romania exports on Iron Ingots were Hungary ($1.1M), Poland ($887k), Greece ($834k), Austria ($330k), and Italy ($260k).

In 2022, Romania imported $9.8M in Iron Ingots, mainly from India ($7M), Poland ($1.05M), Hungary ($640k), Italy ($450k), and Bulgaria ($140k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Hungary$706k (180%)
Greece$571k (217%)
Austria$228k (225%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Romania WERE (2021 - 2022):
Spain-$11.9k (-14.4%)
Germany-$10.5k (-98.5%)
Bulgaria-$9.11k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Romania's main importing competitors in Iron Ingots were:

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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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