2023
Exports
$433MWorld Rnk 9 / 150
Flag Rnk 48 / 1203
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$1.18BWorld Rnk 4 / 216
Flag Rnk 13 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $433M in Seed Oils, making it the 9th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 48th most exported product in Romania. The main destination of Seed Oils exports from Romania are: India ($170M), Iraq ($41.9M), Bulgaria ($40.3M), Canada ($21.3M), and Italy ($17.6M).

The fastest growing export markets for Seed Oils of Romania between 2022 and 2023 were India ($59.2M), Iraq ($41.9M), and Canada ($21M).

Imports In 2023, Romania imported $1.18B in Seed Oils, becoming the 4th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 13th most imported product in Romania. Romania imports Seed Oils primarily from: Ukraine ($958M), Moldova ($191M), Netherlands ($12.5M), Bulgaria ($9.68M), and Hungary ($6.07M).

The fastest growing import markets in Seed Oils for Romania between 2022 and 2023 were Ukraine ($539M), Moldova ($145M), and Netherlands ($3.12M).

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 Seed Oils. 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)$433M
IMPORTS (2023)$1.18B
NET TRADE (2023)-$745M

In 2023, Romania exported $433M in Seed Oils. The main destinations of Romania exports on Seed Oils were India ($170M), Iraq ($41.9M), Bulgaria ($40.3M), Canada ($21.3M), and Italy ($17.6M).

In 2023, Romania imported $1.18B in Seed Oils, mainly from Ukraine ($958M), Moldova ($191M), Netherlands ($12.5M), Bulgaria ($9.68M), and Hungary ($6.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Romania WERE (2022 - 2023):
India$59.2M (53.7%)
Iraq$41.9M (1%)
Canada$21M (7.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Romania WERE (2022 - 2023):
South Africa-$46.7M (-78.1%)
France-$46.5M (-98.9%)
Italy-$27.1M (-60.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Romania's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $12.6M
TOP IMPORT POTENTIALUkraine+ $33.3M

Seed Oils’s highest export potential is India. With an export gap of $12.6M.   Seed Oils’s highest import potential is Ukraine with an import gap of $33.3M.

See methodology.

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