Romania

Romania ranked No. 67 in total trade value through June with a total of $1.44 billion. Exports totaled $429.61 million and Imports totaled $1.01 billion, a deficit of $584.96 million.

U.S. trade with Romania rose to $1.44 billion through June

Romania’s trade with the United States rose to $1.44 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.8 percent below its total trade during the same time period last year. U.S. exports to Romania decreased 10.73 percent while U.S. imports from Romania fell 15.04 percent. The U.S. deficit with Romania was $584.96 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Charleston; No. 2 Port of Newark; No. 3 Port of Freeport, Texas; No. 4 Port of Houston; and No. 5 Port of Savannah, Ga.. 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 37.94 percent of Romania’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Charleston rose 6.2 percent to $151.29 million.
    Exports rose 265.53 percent to $15.93 million. Imports fell 1.98 percent to $135.37 million.
  • Trade with No. 2 Port of Newark rose 3.85 percent to $142.21 million.
    Exports rose 3.61 percent to $19.26 million. Imports rose 3.89 percent to $122.94 million.
  • Trade with No. 3 Port of Freeport, Texas rose 87.5 percent to $90.22 million.
    There were no exports. Imports rose 87.5 percent to $90.22 million.
  • Trade with No. 4 Port of Houston fell 26.26 percent to $85.78 million.
    Exports fell 21.39 percent to $21.25 million. Imports fell 27.74 percent to $64.53 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 13.34 percent to $78.35 million.
    Exports rose 58.83 percent to $23.23 million. Imports fell 27.27 percent to $55.12 million.

Romania ranked No. 67 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 $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 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 June were the categories of Compressors and pumps; Gasoline, other fuels; Tractors; Insulated wire, cable; and Petroleum products, respectively. They accounted for 28.2 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; Radioactive chemical elements and isotopes; and Rubber tires –– accounted for 29.17 percent of all inbound shipments.

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

  • Compressors and pumps rose 1113.24 percent compared to last year to $38.25 million.
  • Gasoline, other fuels rose 7365.94 percent compared to last year to $24.21 million.
  • Tractors fell 35.87 percent compared to last year to $23.39 million.
  • Insulated wire, cable fell 26.16 percent compared to last year to $18.81 million.
  • Petroleum products fell 18.99 percent compared to last year to $16.46 million.

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

  • Steel ingots rose 98.68 percent compared to last year to $88.89 million.
  • Cell phones, related equipment fell 25.24 percent compared to last year to $58.89 million.
  • Motor vehicle parts fell 15.55 percent compared to last year to $51.51 million.
  • Radioactive chemical elements and isotopes totaled $49.08 million. The previous year, there were no imports in this category.
  • Rubber tires fell 48.64 percent compared to last year to $47.56 million.

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.