Romania buildings

Romania Exports

Romania Exports

Exports in Romania

The economy of Romania recorded an average exports growth rate of 8.0% in the decade to 2022. In 2022, export exports growth was 8.9%. For more exports information, visit our dedicated page.

Romania Exports Chart

Note: This chart displays Exports (G&S, ann. var. %) for Romania from 2014 to 2023.
Source: National Institute of Statistics Romania.

Romania Exports Data

2018 2019 2020 2021 2022
Exports (G&S, ann. var. %) 5.3 5.4 -9.5 12.6 9.7

GDP rebounds in Q1

GDP bounced back in the first quarter, increasing 0.4% on a seasonally adjusted quarter-on-quarter basis, above the 0.6% contraction logged in the fourth quarter of last year but slightly below the flash estimate of 0.5%. On an annual basis, economic growth gained steam to 1.6% in Q1, from the previous period's 1.1% growth.

The improvement was chiefly driven by external demand: Exports of goods and services rebounded, growing 3.3% seasonally adjusted quarter on quarter in the first quarter (Q4 2023: -0.8% s.a. qoq), which marked the best reading since Q3 2022. Meanwhile, imports of goods and services growth picked up to 3.5% in Q1 (Q4 2023: +1.7% s.a. qoq). Looking at the domestic front, household spending contracted 0.6% in Q1 (Q4 2023: +2.8% s.a. qoq), marking the worst result since Q1 2023. Moreover, fixed investment plunged at the steepest rate in over two years, falling 1.9% in the first quarter (Q4 2023: +4.4% s.a. qoq). Government spending contracted at a more moderate rate of 0.1% in Q1 (Q4 2023: -1.2% s.a. qoq).

Our panelists expect GDP growth to gain further steam in Q2, and early data backs this projection: In April–June, economic sentiment averaged above Q1’s levels. The economy is poised to maintain its momentum in H2, as declining inflation supports domestic demand.

Dorina Ilasco, analyst at Erste Bank, commented on the outlook: “For this year, we see GDP growth accelerating a bit vs. 2023 […] Private consumption should be supported by lagged effects from robust increases in real wages amid cooling inflation and increase in minimum wages in July, [a] scheduled rise in public pensions in autumn and government spending. Investments should continue to support growth, albeit at a slower pace relative to 2023, thanks to inflows of EU funds.”

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian exports projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exports forecast available for Romanian exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian exports projections.

Want to get access to the full dataset of Romanian exports forecasts? Send an email to info@focus-economics.com.

Latest Global GDP News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest