Romania is the 41st largest export economy in the world and the 31st most complex economy. Romania exported $70.5B, making it the 41st largest exporter in the world. Romania imported $81.4B, making it the 39th largest importer in the world. Romania saw an immediate change in its international trade scenario when it liberalized its trading system at the time of joining the European Union in 2007.
Imports to Romania contracted 6.9 percent year-on-year to EUR 6.69 billion in June 2019, amid lower purchases from both the EU countries (-6.6 percent) and non-EU countries (-7.7 percent). Imports in Romania averaged 2978.56 EUR Million from 1992 until 2019, reaching an all time high of 8227.10 EUR Million in October of 2018 and a record low of 219.70 EUR Million in January of 1994.
Imports in Romania is expected to be 6940.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Romania to stand at 7360.00 in 12 months time. In the long-term, the Romania Imports is projected to trend around 6910.00 EUR Million in 2020.
Romania imports machinery and transport equipment, raw materials, chemicals and fuels. Its main imports partners are other European Union members with Germany, Italy, Hungary and France being the most important. Others include Russia and Turkey.
Imports to Romania contracted 6.9 percent year-on-year to EUR 6.69 billion in June 2019, amid lower purchases from both the EU countries (-6.6 percent) and non-EU countries (-7.7 percent). Imports in Romania averaged 2978.56 EUR Million from 1992 until 2019, reaching an all time high of 8227.10 EUR Million in October of 2018 and a record low of 219.70 EUR Million in January of 1994.
Imports in Romania is expected to be 6940.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Romania to stand at 7360.00 in 12 months time. In the long-term, the Romania Imports is projected to trend around 6910.00 EUR Million in 2020.
Romania imports machinery and transport equipment, raw materials, chemicals and fuels. Its main imports partners are other European Union members with Germany, Italy, Hungary and France being the most important. Others include Russia and Turkey.
