2023
Exports
$1.41BWorld Rnk 28 / 214
Flag Rnk 13 / 1203
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$4.31BWorld Rnk 23 / 226
Flag Rnk 2 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $1.41B in Packaged Medicaments, making it the 28th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 13th most exported product in Romania. The main destination of Packaged Medicaments exports from Romania are: Germany ($198M), United States ($157M), Hungary ($124M), Czechia ($115M), and Bulgaria ($89.9M).

The fastest growing export markets for Packaged Medicaments of Romania between 2022 and 2023 were United States ($68.4M), Bulgaria ($41M), and Hungary ($29.8M).

Imports In 2023, Romania imported $4.31B in Packaged Medicaments, becoming the 23rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most imported product in Romania. Romania imports Packaged Medicaments primarily from: Germany ($944M), Hungary ($643M), Switzerland ($392M), France ($357M), and Belgium ($307M).

The fastest growing import markets in Packaged Medicaments for Romania between 2022 and 2023 were Germany ($191M), France ($147M), and Denmark ($69.3M).

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 Packaged Medicaments. 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)$1.41B
IMPORTS (2023)$4.31B
NET TRADE (2023)-$2.9B

In 2023, Romania exported $1.41B in Packaged Medicaments. The main destinations of Romania exports on Packaged Medicaments were Germany ($198M), United States ($157M), Hungary ($124M), Czechia ($115M), and Bulgaria ($89.9M).

In 2023, Romania imported $4.31B in Packaged Medicaments, mainly from Germany ($944M), Hungary ($643M), Switzerland ($392M), France ($357M), and Belgium ($307M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Romania WERE (2022 - 2023):
United States$68.4M (77.4%)
Bulgaria$41M (83.8%)
Hungary$29.8M (31.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Romania WERE (2022 - 2023):
Azerbaijan-$19.4M (-87%)
Germany-$8.82M (-4.25%)
Vietnam-$8.43M (-42.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Packaged Medicaments were:
In 2023, Romania's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $102M
TOP IMPORT POTENTIALGermany+ $152M

Packaged Medicaments’s highest export potential is United States. With an export gap of $102M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $152M.

See methodology.

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