The Export Trade Market of Romania: Trade Sheet of 2024

The export trade market of Romania has been on an upward trajectory for the previous several years due to the strategic location of the country at the crossroads of Europe, serving as a gateway for businesses that are actively looking to expand their services into both Western and Eastern Europe. Romania Import Data says, the diverse economy of the nation also plays a crucial role in the export trade market as the mix of industries ranging from agriculture, manufacturing, IT, and tourism contributes all together to the revenue rate. The skilled labor force engaged in the manufacturing units has been also fueling up the productivity of sectors including engineering, technology, finance, and languages, countering the annual trade revenue share positively. The improvisation of business climate via the implementation of economic reforms, simplifying procedures, and reduction of bureaucracy promotes overall economic growth.

The trade statistics have reported that the exports of Romania have come a long way from 2019 onwards with a valuation of 68 billion US dollars; a growth rate of 10% resulting in exports of goods worth 100 billion US dollars in 2024. The robust manufacturing sector of the country has been responsive to the overall growth rate of the export market. The country’s strong presence in automotive, electronics and machinery production has been increasing the competition in the global international trade market. Import Globals provides a detailed analysis on the overall shipments of topmost demanded products from Romania to other leading importers worldwide. The categorized trade sheet helps business owners understand the latest modern strategies adopted by top traders to help them make informed decisions as per the international trade market requirements.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT TRADE MARKET OF ROMANIA IN 2024

The national export strategy launched by the government authorities of Romania in the year 2019 has increased the export by 8–10%. The investment incentives for attracting foreign traders worldwide have reduced production costs while encouraging the authorities to invest in new technologies and innovations. The trade promotion programs like the Romania Trade Promotion Office organized events for exhibitions, fairs, and trade missions has opened up opportunities for local businesses to showcase their products and services in the international trade market.

The different international trade agreements signed by the government authorities have promoted bilateral agreements with countries like Canada, Japan, and South Korea. The Export Guarantee Fund, implemented for mitigation of the risks associated with international trade, provides insurance cover to exporters against non-payment or delays in payment by foreign buyers. This all works continuously for the overall development of the export infrastructure of Romania.

THE LEADING VARIANTS OF GOODS EXPORTED FROM ROMANIA IN 2024

Romania, to counter its annual revenue rate positively, has introduced divergent variants of globally demanded acquisitions in the exported products. According to the Romania Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  • Automobiles and Vehicle Parts — The export trade value of Automobiles and Vehicle Parts from Romania in 2024–24 billion US dollars
  • Electrical Machinery and Equipment — The export trade value of Electrical Machinery and Equipment from Romania in 2024–22 billion US dollars
  • Petroleum Products — The export trade value of Petroleum Products from Romania in 2024–18 billion US dollars
  • Agricultural Products– The export trade value of Agricultural Products from Romania in 2024–14 billion US dollars
  • Iron & Steel– The export trade value of Iron & Steel from Romania in 2024–12 billion US dollars
  • Vehicles — The export trade value of Vehicles from Romania in 2024–10 billion US dollars
  • Textile Articles– The export trade value of Textile Articles from Romania in 2024–8 billion US dollars
  • Furniture — The export trade value of Furniture from Romania in 2024–6 billion US dollars
  • Plastics — The export trade value of Plastics from Romania in 2024–4 billion US dollars
  • Optical & Medical Equipment — The export trade value of Optical & Medical Equipment from Romania in 2024–2.5 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF ROMANIA IN 2024

The bilateral trade relationship between two nation remains stabilized when both authorities make efforts to maintain the import and export services. Romania trades its domestic manufactured essentials to the country’s having cost-effective pricing strategies. According to the Romania Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • Germany — The annual export trade value of goods supplied from Romania to Germany in 2024–32 billion US dollars

Top 5 variants of goods exported

1. Electrical transformers

2. Electric motors and generators

3. Industrial machinery

4. Computers and peripherals

5. Air conditioning machines

  • Italy — The annual export trade value of goods supplied from Romania to Italy in 2024–24 billion US dollars

Top 5 variants of goods exported

1. Refrigeration equipment

2. Washing machines

3. Dishwashers

4. Vacuum cleaners

5. Electric water heaters

  • France — The annual export trade value of goods supplied from Romania to France in 2024–22 billion US dollars

Top 5 variants of goods exported

1. Chemical fertilizers

2. Industrial gases

3. Plastics in primary forms

4. Synthetic rubber

5. Paints and varnishes

  • United Kingdom (UK) — The annual export trade value of goods supplied from Romania to the United Kingdom (UK) in 2024–18 billion US dollars

Top 5 variants of goods exported

1. Medicaments in measured doses

2. Vaccines

3. Antibiotics

4. Diagnostic reagents

5. Medical instruments and appliances

  • Hungary — The annual export trade value of goods supplied from Romania to Hungary in 2024–15 billion US dollars

Top 5 variants of goods exported

1. Electric vehicles

2. Buses

3. Trucks

4. Trailers and semi-trailers

5. Railway locomotives and parts

  • Poland — The annual export trade value of goods supplied from Romania to Poland in 2024–12 billion US dollars

Top 5 variants of goods exported

1. Refined petroleum oils

2. Lubricating oils

3. Natural gas

4. Bituminous coal

5. Chemical fertilizers

  • Turkey — The annual export trade value of goods supplied from Romania to Turkey in 2024–10 billion US dollars

Top 5 variants of goods exported

1. Vaccines

2. Antibiotics

3. Diagnostic reagents

4. Medical instruments and appliances

5. Surgical instruments

  • Czech Republic — The annual export trade value of goods supplied from Romania to Czech Republic in 2024–8 billion US dollars

Top 5 variants of goods exported

1. Leather shoes

2. Synthetic footwear

3. Safety boots

4. Sandals

5. Slippers

  • Bulgaria — The annual export trade value of goods supplied from Romania to Czech Republic in 2024–6 billion US dollars

Top 5 variants of goods exported

1. Uncoated paper

2. Coated paper

3. Corrugated paperboard

4. Paper bags

5. Carton boxes

  • Austria — The annual export trade value of goods supplied from Romania to Austria in 2024–5 billion US dollars

Top 5 variants of goods exported

1. Bottled wine

2. Port wine

3. Olive oil

4. Canned sardines

5. Frozen fish

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