2022
Exports
$3.47BWorld Rnk 33 / 223
Flag Rnk 6 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$5.07BWorld Rnk 28 / 225
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $3.47B in Iron & steel, making it the 33rd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 6th most exported product in Romania. The main destination of Iron & steel exports from Romania are: Turkey ($688M), United States ($371M), Germany ($334M), Bulgaria ($263M), and Hungary ($216M).

The fastest growing export markets for Iron & steel of Romania between 2021 and 2022 were United States ($51.1M), Hungary ($38M), and Germany ($37.9M).

Imports In 2022, Romania imported $5.07B in Iron & steel, becoming the 28th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 6th most imported product in Romania. Romania imports Iron & steel primarily from: Italy ($830M), Turkey ($814M), Bulgaria ($408M), Germany ($306M), and Ukraine ($243M).

The fastest growing import markets in Iron & steel for Romania between 2021 and 2022 were Turkey ($203M), Egypt ($74M), and China ($73.5M).

COMPANIES In 2023, leading companies such as John Deere (13) and IKEA Group (2) were at the forefront of shipping Iron & steel from Romania to the United States.

Latest Trends

Sep 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 & steel. 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)$3.47B
IMPORTS (2022)$5.07B
NET TRADE (2022)-$1.6B

In 2022, Romania exported $3.47B in Iron & steel. The main destinations of Romania exports on Iron & steel were Turkey ($688M), United States ($371M), Germany ($334M), Bulgaria ($263M), and Hungary ($216M).

In 2022, Romania imported $5.07B in Iron & steel, mainly from Italy ($830M), Turkey ($814M), Bulgaria ($408M), Germany ($306M), and Ukraine ($243M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Romania WERE (2021 - 2022):
United States$51.1M (15.9%)
Hungary$38M (21.4%)
Germany$37.9M (12.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Romania WERE (2021 - 2022):
Italy-$146M (-40.5%)
Moldova-$130M (-78.2%)
China-$128M (-93.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Romania's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $49.9M
TOP IMPORT POTENTIALGermany+ $82M

Iron & steel’s highest export potential is Poland. With an export gap of $49.9M.   Iron & steel’s highest import potential is Germany with an import gap of $82M.

See methodology.

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