2022
Exports
$13.7MWorld Rnk 35 / 159
Flag Rnk 432 / 1204
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$37.2MWorld Rnk 36 / 209
Flag Rnk 444 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $13.7M in Electric Furnaces, making it the 35th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 432nd most exported product in Romania. The main destination of Electric Furnaces exports from Romania are: Norway ($4.17M), Italy ($3.19M), Germany ($1.4M), Hungary ($1.12M), and Turkey ($1.08M).

The fastest growing export markets for Electric Furnaces of Romania between 2021 and 2022 were Italy ($1.31M), Norway ($773k), and Finland ($544k).

Imports In 2022, Romania imported $37.2M in Electric Furnaces, becoming the 36th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 444th most imported product in Romania. Romania imports Electric Furnaces primarily from: Italy ($11.9M), Germany ($11.5M), Spain ($1.89M), France ($1.61M), and China ($1.51M).

The fastest growing import markets in Electric Furnaces for Romania between 2021 and 2022 were Spain ($889k), United States ($826k), and Turkey ($490k).

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 Electric Furnaces. 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)$13.7M
IMPORTS (2022)$37.2M
NET TRADE (2022)-$23.5M

In 2022, Romania exported $13.7M in Electric Furnaces. The main destinations of Romania exports on Electric Furnaces were Norway ($4.17M), Italy ($3.19M), Germany ($1.4M), Hungary ($1.12M), and Turkey ($1.08M).

In 2022, Romania imported $37.2M in Electric Furnaces, mainly from Italy ($11.9M), Germany ($11.5M), Spain ($1.89M), France ($1.61M), and China ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Italy$1.31M (70.1%)
Norway$773k (22.8%)
Finland$544k (3.69k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Romania WERE (2021 - 2022):
Egypt-$987k (-98.8%)
United Kingdom-$666k (-91.7%)
Spain-$450k (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Romania's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $914k
TOP IMPORT POTENTIALChina+ $1.46M

Electric Furnaces’s highest export potential is United States. With an export gap of $914k.   Electric Furnaces’s highest import potential is China with an import gap of $1.46M.

See methodology.

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