This guide provides an overview of Romania’s economy, including the country’s primary imports and exports.
Contents
Romania Economy Overview
Romania was the 47th biggest economy in the world according to the most recent data, ranking 41st in total exports and 38th in total imports.
This southeastern European country exports most of its goods to its European Union partners Germany, Italy, France, United Kingdom, and to neighbor Hungary.
Imports to Romania come primarily from its export trading partners Germany, Italy, and Hungary. However, imports also come from China and Poland.
Geographically, Romania shares borders with Bulgaria, Hungary, Moldova, Serbia, and Ukraine.
Romania’s Top Exports
Here is a breakdown of the most important products exported by Romania, both commodities and other notable exports.
Commodity Exports
- Refined petroleum – $2.6 billion
- Wheat – $1.5 billion
- Corn – $1 billion
- Sunflower seeds – $733 million
- Rolled tobacco – $697 million
If you’re interested in trading some of these commodities, you can jump to our list of recommended regulated brokers in at the end of the page.
Other Notable Exports
- Vehicle parts – $7.5 billion
- Cars – $5.6 billion
- Insulated wire – $4.7 billion
- Electrical control boards – $2.2 billion
- Seats – $1.8 billion
Romania’s Top Imports
Here is a breakdown of the most important products imported by Romania, both commodities and other notable imports.
Commodity Imports
- Crude petroleum – $3.7 billion
- Refined petroleum – $1.6 billion
- Other iron products – $781 million
- Pig meat – $583 million
- Copper wire – $530 million
Other Notable Imports
- Vehicle parts – $4.7 billion
- Cars – $3 billion
- Packaged medicaments – $2.9 billion
- Insulated wire – $2.2 billion
- Broadcasting equipment – $1.6 billion
GDP of Romania
Romania’s GDP amounts to $240 billion, making it the 47th best economy in the world. The GDP per capita is $12.301.
Between 2008 and 2018, Romania recorded a GDP growth rate of 11.8%. In the same period, its GDP per capita grew by 17.9%.
Details on Romania’s Imports/Exports
Petroleum
Romania imports crude petroleum ($3.69 billion), its 2nd most-imported product, and exports refined petroleum ($2.62 billion) at a deficit of $1.07 billion. The former Soviet country is the 34th largest importer of crude petroleum and the 42nd largest exporter of refined petroleum.
- Imports crude petroleum from: Kazakhstan ($1.46 billion),
Russia ($1.46 billion), Azerbaijan ($340 million), Iraq ($339 million), and Nigeria ($66.3 million). - Exports refined petroleum to: Moldova ($467 million), Bulgaria ($325 million), Egypt ($314 million), Greece ($232 million), and Turkey ($207 million).
Electrical Control Boards
Romania was the 7th largest exporter of electrical control boards, despite the fact that electrical control boards were only the 5th most exported product in Romania.
Germany, Czechia, and the United States are the fastest-growing importers of Romania’s electrical control boards.
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Sources & Further Reading
- All figures based on OEC 2018 calculations and projections unless otherwise stated.
- Encyclopedia Brittanica
- Learn more about the state of world government debt from our country debt clock pages.
- See our global economic indicator guide to more than 45 other countries.
- Get our full guide to trading commodities.
Also see our guides on stock, CFD, and commodity brokers to find out which online trading platforms are available in .
All currency is reported in US dollars.
