2022
Exports
$882MWorld Rnk 21 / 151
Flag Rnk 21 / 1204
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$429MWorld Rnk 41 / 214
Flag Rnk 71 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $882M in Hot-Rolled Iron, making it the 21st largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 21st most exported product in Romania. The main destination of Hot-Rolled Iron exports from Romania are: Turkey ($134M), Bulgaria ($107M), North Macedonia ($65.3M), Poland ($62.9M), and Austria ($59.4M).

The fastest growing export markets for Hot-Rolled Iron of Romania between 2021 and 2022 were Hungary ($25.7M), Czechia ($23.6M), and Ukraine ($22.2M).

Imports In 2022, Romania imported $429M in Hot-Rolled Iron, becoming the 41st largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 71st most imported product in Romania. Romania imports Hot-Rolled Iron primarily from: Bulgaria ($56M), Italy ($52.4M), Kazakhstan ($39.5M), Austria ($32.5M), and Poland ($31.7M).

The fastest growing import markets in Hot-Rolled Iron for Romania between 2021 and 2022 were Italy ($28.6M), Georgia ($25.6M), and Kazakhstan ($23.7M).

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. 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)$882M
IMPORTS (2022)$429M
NET TRADE (2022)$452M

In 2022, Romania exported $882M in Hot-Rolled Iron. The main destinations of Romania exports on Hot-Rolled Iron were Turkey ($134M), Bulgaria ($107M), North Macedonia ($65.3M), Poland ($62.9M), and Austria ($59.4M).

In 2022, Romania imported $429M in Hot-Rolled Iron, mainly from Bulgaria ($56M), Italy ($52.4M), Kazakhstan ($39.5M), Austria ($32.5M), and Poland ($31.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Hungary$25.7M (81.8%)
Czechia$23.6M (84.1%)
Ukraine$22.2M (12.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Romania WERE (2021 - 2022):
Italy-$149M (-79.5%)
North Macedonia-$53M (-44.8%)
Spain-$51.2M (-80.4%)

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 were:
Japan $11.2B
China $11.2B
In 2022, Romania's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $32.6M
TOP IMPORT POTENTIALUkraine+ $14.5M

Hot-Rolled Iron’s highest export potential is Turkey. With an export gap of $32.6M.   Hot-Rolled Iron’s highest import potential is Ukraine with an import gap of $14.5M.

See methodology.

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