Romania

Romania ranked No. 69 in total trade value through March with a total of $791.54 million. Exports totaled $249.96 million and Imports totaled $541.58 million, a deficit of $291.62 million.

U.S. trade with Romania rose to $791.54 million through March

Romania’s trade with the United States rose to $791.54 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.22 percent below its total trade during the same time period last year. U.S. exports to Romania increased 11.6 percent while U.S. imports from Romania fell 8.81 percent. The U.S. deficit with Romania was $291.62 million.

Through March, 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 Baltimore, Md.; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Houston No. 3 Port of Charleston No. 4 Port of Baltimore, Md. and No. 5 Port of Freeport, Texas. In the current time period, the top five accounted for 39.13 percent of Romania’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Charleston rose 49.93 percent to $92.92 million.
    Exports rose 226.27 percent to $7.65 million. Imports rose 43 percent to $85.26 million.
  • Trade with No. 2 Port of Newark rose 15.43 percent to $76.66 million.
    Exports rose 40.74 percent to $11.64 million. Imports rose 11.83 percent to $65.03 million.
  • Trade with No. 3 Port of Freeport, Texas rose 18.14 percent to $56.84 million.
    There were no exports. Imports rose 18.14 percent to $56.84 million.
  • Trade with No. 4 Port of Baltimore, Md. fell 16.94 percent to $41.9 million.
    Exports fell 30.89 percent to $21.96 million. Imports rose 6.81 percent to $19.93 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 3.47 percent to $41.41 million.
    Exports rose 31.81 percent to $10 million. Imports fell 11.05 percent to $31.41 million.

Romania ranked No. 69 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 70.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Romania by value through March were the categories of Compressors and pumps; Tractors; Instruments to measure flow levels, parts; Raw tobacco; and Cell phones, related equipment, respectively. They accounted for 31.74 percent of total exports to Romania.

The value of the top five categories of U.S. imports from Romania –– Steel ingots; Motor vehicle parts; Rubber tires; Electrical boards, panels and switches; and Cell phones, related equipment –– accounted for 30.6 percent of all inbound shipments.

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

  • Compressors and pumps rose 1829.26 percent compared to last year to $30.75 million.
  • Tractors rose 3.59 percent compared to last year to $17.42 million.
  • Instruments to measure flow levels, parts rose 597.82 percent compared to last year to $14.54 million.
  • Raw tobacco rose 111.8 percent compared to last year to $8.37 million.
  • Cell phones, related equipment fell 26.3 percent compared to last year to $8.26 million.

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

  • Steel ingots rose 24.09 percent compared to last year to $55.52 million.
  • Motor vehicle parts rose 20.4 percent compared to last year to $33.06 million.
  • Rubber tires fell 42.86 percent compared to last year to $28.2 million.
  • Electrical boards, panels and switches rose 54.64 percent compared to last year to $26.93 million.
  • Cell phones, related equipment fell 39.75 percent compared to last year to $21.99 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.