Romania

Romania ranked No. 68 in total trade value through July with a total of $1.71 billion. Exports totaled $519.94 million and Imports totaled $1.19 billion, a deficit of $666 million.

U.S. trade with Romania rose to $1.71 billion through July

Romania’s trade with the United States rose to $1.71 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.26 percent below its total trade during the same time period last year. U.S. exports to Romania decreased 4.47 percent while U.S. imports from Romania fell 16.62 percent. The U.S. deficit with Romania was $666 million.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Charleston; No. 3 Port of Houston; No. 4 Port of Savannah, Ga.; and No. 5 Port of Freeport, Texas. During the same period the previous year, the top five were No. 1 Port of Charleston; No. 2 Port of Newark; No. 3 Port of Houston; No. 4 John F. Kennedy International Airport and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 40.02 percent of Romania’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 29.85 percent to $213.8 million.
    Exports rose 200.19 percent to $62.79 million. Imports rose 5.06 percent to $151.01 million.
  • Trade with No. 2 Port of Charleston rose 12.41 percent to $189.06 million.
    Exports rose 312.62 percent to $18.9 million. Imports rose 4.01 percent to $170.17 million.
  • Trade with No. 3 Port of Houston fell 29.05 percent to $97.54 million.
    Exports fell 18.63 percent to $23.7 million. Imports fell 31.85 percent to $73.84 million.
  • Trade with No. 4 Port of Savannah, Ga. fell 10.46 percent to $92.03 million.
    Exports rose 59.56 percent to $26.35 million. Imports fell 23.87 percent to $65.68 million.
  • Trade with No. 5 Port of Freeport, Texas rose 61.02 percent to $90.22 million.
    There were no exports. Imports rose 61.02 percent to $90.22 million.

Romania ranked No. 68 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 69.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Romania by value through July were the categories of Bombs, grenades, cartridges, parts; Compressors and pumps; Tractors; Gasoline, other fuels; and Insulated wire, cable, respectively. They accounted for 30.94 percent of total exports to Romania.

The value of the top five categories of U.S. imports from Romania –– Steel ingots; Cell phones, related equipment; Motor vehicle parts; Rubber tires; and Radioactive chemical elements and isotopes –– accounted for 27.25 percent of all inbound shipments.

Looking more closely at U.S. exports to Romania:

  • Bombs, grenades, cartridges, parts rose 1552.43 percent compared to last year to $45.53 million.
  • Compressors and pumps rose 939.35 percent compared to last year to $39.01 million.
  • Tractors fell 20.49 percent compared to last year to $29.93 million.
  • Gasoline, other fuels rose 7260.82 percent compared to last year to $24.22 million.
  • Insulated wire, cable fell 24.88 percent compared to last year to $22.14 million.

Looking more closely at U.S. imports from Romania:

  • Steel ingots rose 68.82 percent compared to last year to $88.89 million.
  • Cell phones, related equipment fell 27.1 percent compared to last year to $73.56 million.
  • Motor vehicle parts fell 15.76 percent compared to last year to $60.26 million.
  • Rubber tires fell 50.72 percent compared to last year to $51.39 million.
  • Radioactive chemical elements and isotopes totaled $49.08 million. The previous year, there were no imports in this category.

In the latest annual figures available, Romania recorded $3.33 billion in trade with the United States. Total U.S. exports to Romania were $ 942.54 million and imports from Romania were $2.38 billion. The U.S. deficit with Romania was $1.44 billion.