Romania
Macroeconomic imbalances remain a concern
Last update – January 2024
Country rating
SENSITIVE RISK FOR ENTERPRISE
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
We have always the best solution for your needs
We have always the best solution for your needs
Swipe to view more
GDP | USD301.3bn (World ranking 45, World Bank 2022) |
Population | 19.0mn (World ranking 65, World Bank 2022) |
Form of state |
Republic |
Head of government |
Marcel CIOLACU (Prime Minister) |
Next elections |
2024, presidential and legislative |
Strengths & weaknesses
- EU membership and fairly good international relations
- Competitive industrial sector
- Low unemployment
- Adequate business environment
- Government instability
- Lack of structural reforms in key economic sectors
- Weak public finances
- Large annual current account deficits, with modest coverage through net FDI inflows
- High external debt burden
Economic overview
Trade structure by destination/origin
(% of total, 2022)
Swipe to view more
Exports | Rank | Imports | ||
Germany 19.8% | 1 | 17.8% Germany | ||
Italy 10.1% | 2 | 8.2% Italy | ||
Hungary 7.3% | 3 | 7.1% Bulgaria | ||
France 6.0% | 4 | 6.5% Hungary | ||
Bulgaria 3.9% |
5 |
5.9% Poland |
Trade structure by product
(% of total, 2022)
Swipe to view more
Exports | Rank | Imports |
Electrical machinery, apparatus and appliances, n.e.s. 14.8%
|
1 |
9.0% Electrical machinery, apparatus and appliances, n.e.s.
|
Road vehicles 14.2%
|
2 |
8.0% Road vehicles
|
Other industrial machinery and parts 5.7%
|
3 | 7.0% Petroleum, petroleum products and related materials |
Cereals and cereal preparations 5.1%
|
4 |
4.6% Iron and steel
|
Iron and steel 4.5%
|
5 |
4.6% Iron and steel Other industrial machinery and parts
|
Contact
Manfred Stamer
Allianz Trade
Allianz Trade