Romania world map

Trade in Romania

Romania was the world’s 40th largest exporter of goods and 32nd largest exporter of commercial services in 2021. Export values were $87.4 and $33.0 billion USD respectively. Romania’s top export category was manufactures, followed by agricultural products, and fuels and mining products. In 2020, Romania’s main export destination markets for goods and services trade were to Germany, Italy and France, with trade representing 78.06 per cent of GDP. In terms of imports, Romania’s import values were $116.2 and $21.6 billion USD respectively in 2021. Romania’s top import category was manufactures, followed by agricultural products and fuels and mining products. Leading import partners were Germany, Italy and Hungary. Romania is a member of the European Union, which is part of 45 different Regional Trade Agreements, including Central America, Pacific States and Eastern and Southern Africa States.
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General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Romania

Abbreviation

RO

Capital

Bucharest

WTO Membership Date

1 January 1995

Legal System

civil law system

Language

Romanian

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Romanian leu

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • Banca Transilvania S.A. - Cluj-Napoca, Romania - SWIFT: BTRLRO22

  • Bancpost SA - Bucharest, Romania - SWIFT: BPOSROBU

  • BCR SA - Bucharest, Romania - SWIFT: RNCBROBUXXX

  • BNP Paribas Fortis Romania - Bucharest, Romania - SWIFT: FTSBROBU

  • BRD-Groupe Societe Generale - Bucharest, Romania - SWIFT: BRDEROBU

  • Garanti Bank SA - Bucharest, Romania - SWIFT: UGBIROBU

  • Raiffeisen Bank - Bucharest, Romania - SWIFT: RZBRROBU

  • UniCredit Romania S.A. - Bucharest, Romania - SWIFT: BACXROBU

Contact Information

This section includes contact information for business support organizations and national resources.

Government MSME Agency

  • The National Agency for SMEs and Cooperatives (NASMEC)

    -

Copyright Offices

  • Romanian Copyright Office (ORDA)

Industrial Property Offices

  • State Office for Inventions and Trademarks (OSIM)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • For phytosanitary area:

    Ministry of Agriculture, Forests and Rural Development

    Phitosanitary Division

    Phone: +(4021) 307 2386

    Website: http://www.madr.ro

    24 B-dul Carol I, Sector 1

    Postal Code 020921

    [email protected]
  • For sanitary, veterinary and food safety area:
    National Sanitary Veterinary and Food Safety Authority
    Phone: +(4021) 315 7875
    Website: http://www.dce.gov.ro

    1 B, Negustori Street, Sector 2
    Postal Code 023951

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • Asociatia de Standardizare din România (ASRO)
    (Romanian Standards Association)
    Phone: +(40 1) 211 32 96
    Website: http://www.asro.ro.

    Str. Mendeleev 21-25
    Bucharest 1

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://taxation-customs.ec.europa.eu/index_en

Last Reviewed: June, 2023

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Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

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