2023
Exports
$2.37MWorld Rnk 31 / 104
Flag Rnk 719 / 1203
2023
PRODUCT COMPLEXITY IN Wool
-2.02Rnk 1001 / 1025
2023
Imports
$3.36MWorld Rnk 30 / 132
Flag Rnk 913 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $2.37M in Wool, making it the 31st largest exporter of Wool in the world. At the same year, Wool was the 719th most exported product in Romania. The main destination of Wool exports from Romania are: Turkey ($1.15M), India ($686k), Hungary ($203k), Germany ($115k), and United Kingdom ($108k).

The fastest growing export markets for Wool of Romania between 2022 and 2023 were Hungary ($201k), Saudi Arabia ($7.85k), and Austria ($1.53k).

Imports In 2023, Romania imported $3.36M in Wool, becoming the 30th largest importer of Wool in the world. At the same year, Wool was the 913th most imported product in Romania. Romania imports Wool primarily from: New Zealand ($2.33M), Germany ($503k), Hungary ($228k), United Kingdom ($91k), and Bulgaria ($62.1k).

The fastest growing import markets in Wool for Romania between 2022 and 2023 were New Zealand ($2.27M), Hungary ($228k), and Bulgaria ($51.8k).

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 Wool. 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)$2.37M
IMPORTS (2023)$3.36M
NET TRADE (2023)-$985k

In 2023, Romania exported $2.37M in Wool. The main destinations of Romania exports on Wool were Turkey ($1.15M), India ($686k), Hungary ($203k), Germany ($115k), and United Kingdom ($108k).

In 2023, Romania imported $3.36M in Wool, mainly from New Zealand ($2.33M), Germany ($503k), Hungary ($228k), United Kingdom ($91k), and Bulgaria ($62.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Hungary$201k (9.89k%)
Saudi Arabia$7.85k (1%)
Austria$1.53k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Romania WERE (2022 - 2023):
India-$334k (-32.7%)
Turkey-$310k (-21.2%)
Spain-$109k (-69.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Wool were:
In 2023, Romania's main importing competitors in Wool were:
China $2.02B
India $255M
Italy $209M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $242k
TOP IMPORT POTENTIALNew Zealand+ $57.5k

Wool’s highest export potential is China. With an export gap of $242k.   Wool’s highest import potential is New Zealand with an import gap of $57.5k.

See methodology.

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