This guide provides an overview of Romania’s economy, including the country’s primary imports and exports.
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.
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.
- 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.
- 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
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.
Interested in Trading Commodities?
Interested in trading wheat, corn, petroleum, and other important Romanian commodities? Start your research with reviews of these regulated brokers available in .
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. <b>Between 53.00%-83.00% of retail investor accounts lose money when trading CFDs.</b> You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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.
All currency is reported in US dollars.
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