2023
Exports
$49.8MWorld Rnk 38 / 127
Flag Rnk 247 / 1203
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$350MWorld Rnk 35 / 125
Flag Rnk 85 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $49.8M in Iron Ore, making it the 38th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 247th most exported product in Romania. The main destination of Iron Ore exports from Romania are: Turkey ($23.4M), Hungary ($11.9M), China ($8.45M), Netherlands ($6.07M), and United States ($16.4k).

The fastest growing export markets for Iron Ore of Romania between 2022 and 2023 were Turkey ($23.4M), Hungary ($11.9M), and Netherlands ($6.05M).

Imports In 2023, Romania imported $350M in Iron Ore, becoming the 35th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 85th most imported product in Romania. Romania imports Iron Ore primarily from: Ukraine ($156M), South Africa ($104M), Turkey ($50.7M), Brazil ($15.7M), and Mauritania ($8.74M).

The fastest growing import markets in Iron Ore for Romania between 2022 and 2023 were South Africa ($24.1M), Libya ($4.43M), and Canada ($1.72M).

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 Ore. 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)$49.8M
IMPORTS (2023)$350M
NET TRADE (2023)-$300M

In 2023, Romania exported $49.8M in Iron Ore. The main destinations of Romania exports on Iron Ore were Turkey ($23.4M), Hungary ($11.9M), China ($8.45M), Netherlands ($6.07M), and United States ($16.4k).

In 2023, Romania imported $350M in Iron Ore, mainly from Ukraine ($156M), South Africa ($104M), Turkey ($50.7M), Brazil ($15.7M), and Mauritania ($8.74M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Turkey$23.4M (1%)
Hungary$11.9M (276k%)
Netherlands$6.05M (22.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Romania WERE (2022 - 2023):
Malaysia-$96.3M (-100%)
Australia-$9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Iron Ore were:
In 2023, Romania's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.8M
TOP IMPORT POTENTIALBrazil+ $23.1M

Iron Ore’s highest export potential is China. With an export gap of $10.8M.   Iron Ore’s highest import potential is Brazil with an import gap of $23.1M.

See methodology.

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