2023
Exports
$592MWorld Rnk 14 / 207
Flag Rnk 34 / 1203
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$32.8MWorld Rnk 60 / 177
Flag Rnk 488 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $592M in Scrap Iron, making it the 14th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 34th most exported product in Romania. The main destination of Scrap Iron exports from Romania are: Turkey ($378M), Moldova ($75M), Bulgaria ($57.2M), Serbia ($18.8M), and Germany ($14.5M).

The fastest growing export markets for Scrap Iron of Romania between 2022 and 2023 were Moldova ($74.1M), Serbia ($18.4M), and Egypt ($5.1M).

Imports In 2023, Romania imported $32.8M in Scrap Iron, becoming the 60th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 488th most imported product in Romania. Romania imports Scrap Iron primarily from: Hungary ($12M), Bulgaria ($9.63M), Slovakia ($4.05M), Greece ($1.73M), and Czechia ($1.05M).

The fastest growing import markets in Scrap Iron for Romania between 2022 and 2023 were Hungary ($8.21M), Germany ($369k), and Serbia ($355k).

COMPANIES In 2024, leading companies such as SIGMA Corp (1) were at the forefront of shipping Scrap Iron from Romania to the United States.

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 Scrap Iron. 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)$592M
IMPORTS (2023)$32.8M
NET TRADE (2023)$559M

In 2023, Romania exported $592M in Scrap Iron. The main destinations of Romania exports on Scrap Iron were Turkey ($378M), Moldova ($75M), Bulgaria ($57.2M), Serbia ($18.8M), and Germany ($14.5M).

In 2023, Romania imported $32.8M in Scrap Iron, mainly from Hungary ($12M), Bulgaria ($9.63M), Slovakia ($4.05M), Greece ($1.73M), and Czechia ($1.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Moldova$74.1M (8.38k%)
Serbia$18.4M (4.99k%)
Egypt$5.1M (22.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Romania WERE (2022 - 2023):
Turkey-$116M (-23.4%)
Greece-$29.8M (-80.1%)
Bulgaria-$10.2M (-15.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Scrap Iron were:
In 2023, Romania's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.2M
TOP IMPORT POTENTIALHungary+ $2.1M

Scrap Iron’s highest export potential is Germany. With an export gap of $15.2M.   Scrap Iron’s highest import potential is Hungary with an import gap of $2.1M.

See methodology.

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