2022
Exports
$43.9MWorld Rnk 42 / 126
Flag Rnk 262 / 1204
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$618MWorld Rnk 8 / 210
Flag Rnk 38 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $43.9M in Hot-Rolled Iron Bars, making it the 42nd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 262nd most exported product in Romania. The main destination of Hot-Rolled Iron Bars exports from Romania are: Hungary ($21.8M), Poland ($8.72M), Serbia ($5.32M), Bulgaria ($2.92M), and Netherlands ($1.32M).

The fastest growing export markets for Hot-Rolled Iron Bars of Romania between 2021 and 2022 were Poland ($8.44M), Hungary ($7.06M), and Serbia ($4.14M).

Imports In 2022, Romania imported $618M in Hot-Rolled Iron Bars, becoming the 8th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 38th most imported product in Romania. Romania imports Hot-Rolled Iron Bars primarily from: Greece ($112M), Ukraine ($111M), Turkey ($104M), Moldova ($65.1M), and Italy ($48.4M).

The fastest growing import markets in Hot-Rolled Iron Bars for Romania between 2021 and 2022 were Ukraine ($73.8M), Turkey ($49.7M), and India ($17.8M).

Latest Trends

Jul 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 Hot-Rolled Iron Bars. 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 (2022)$43.9M
IMPORTS (2022)$618M
NET TRADE (2022)-$574M

In 2022, Romania exported $43.9M in Hot-Rolled Iron Bars. The main destinations of Romania exports on Hot-Rolled Iron Bars were Hungary ($21.8M), Poland ($8.72M), Serbia ($5.32M), Bulgaria ($2.92M), and Netherlands ($1.32M).

In 2022, Romania imported $618M in Hot-Rolled Iron Bars, mainly from Greece ($112M), Ukraine ($111M), Turkey ($104M), Moldova ($65.1M), and Italy ($48.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Poland$8.44M (3.03k%)
Hungary$7.06M (47.8%)
Serbia$4.14M (351%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Romania WERE (2021 - 2022):
Israel-$99.2k (-100%)
United Arab Emirates-$66.2k (-100%)
Spain-$21.7k (-47.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Romania's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.62M
TOP IMPORT POTENTIALRussia+ $8.23M

Hot-Rolled Iron Bars’s highest export potential is Poland. With an export gap of $1.62M.   Hot-Rolled Iron Bars’s highest import potential is Russia with an import gap of $8.23M.

See methodology.

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