Romania-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $10.33B total volume •Romania deficit: $2.87B
Romania → Türkiye
$3.73B
Exports (2023)
Türkiye → Romania
$6.60B
Imports (2023)
Trade Balance
$2.87B
Deficit for Romania
Total Trade
$10.33B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Romania and Türkiye. Green line shows exports from Romania, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Romania-Türkiye commercial relationship and competitive positioning in global markets.
Romania → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Romania's export portfolio to Türkiye demonstrates strong diversification across multiple sectors, with ferrous waste and scrap: n.e.c. in heading no. 7204 representing a key competitive advantage in this bilateral market.
Türkiye → Romania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Romania's import pattern from Türkiye reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Romania demonstrates competitive strength in exportingferrous waste and scrap: n.e.c. in heading no. 7204 to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $10.33B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Romania-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $10.33 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Romania maintains a deficit of $2.87 billion
- Export Focus: Romania's primary exports include ferrous waste and scrap: n.e.c. in heading no. 7204, engines: reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
- Import Dependencies: Key imports from Türkiye include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or steel (excluding cast iron): tubes, pipes and hollow profiles (not seamless), welded, of square or rectangular cross-section, n.e.c. in chapter 73, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $10.33B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Romania leveraging its comparative advantages in ferrous waste and scrap: n.e.c. in heading no. 7204.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Romania's specialization in ferrous waste and scrap: n.e.c. in heading no. 7204complements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $10.33B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $10.33B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $10.33 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in ferrous waste and scrap: n.e.c. in heading no. 7204 and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Romania's trade deficit of $2.87 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Romania and Türkiye represents a total trade volume of $10.33 billion in 2023. This partnership demonstrates an unfavorable trade balance for Romania, with imports exceeding exportsby $2.87 billion.
Export Strengths
Romania's exports to Türkiye total $3.73 billion, with competitive advantages in ferrous waste and scrap: n.e.c. in heading no. 7204, representing $370.29M or9.9% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $6.60 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising9.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Romania's strategic sourcing from Türkiye. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Romania and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023