International Trade in Romania

International Trade in Romania

Since the early 1990s, successive governments have gradually promoted a liberal economic policy to privatize the state owned companies. In 2006, almost 30% of Romania's GDP was still  generated by public companies. Following its accession to the European Union in January 2007, Romania has... Read more

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Market Analyses About Romania (274)

Import and Export Services in Romania (792)

  • Lions United - Translation Services Provider

    Lions United - Translation Services Provider

    Translation Services, Romania

    Lions United is a translation services provider, located in Romania. Beside the translations we can perform from/into Romanian, we...
  • High Beam Global

    High Beam Global

    Market Research, Romania

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...

Business Tips About Romania (229)

Agents and Distributors in Romania (44)

  • Italprod SRL

    Italprod SRL

    Wholesalers, Romania

    Italpros is a dinamic company with a high skilled staff working on modern equipment with advanced technologies. Our company produces and...
  • FRD Center Market Entry Services

    FRD Center Market Entry Services

    Market Entry, Romania

    Over 20 years of International Business Advisory - our services are dedicated to foreign companies and organisations looking to enter the...

Overview About International Trade in Romania

Main Industry Sectors

Agriculture represents almost 7% of Romania's GDP and employs one fourth of the country's active population. The main resources and agricultural production in Romania are cereals, sugar beets and potatoes. However, the production remains very low in comparison with the the country's potential capacity. About 25% of the country is covered by forest (especially around Transylvania) and the logging industry is developing very fast.

The industrial sector contributes to about one third of the country's GDP and employs almost 25% of the active population. Historically, the manufacturing companies and the industrial sectors represent the backbone of Romania's economy. That is why many foreign direct investors are involved in heavy industry (metallurgy, steel), the manufacturing of vehicle parts, building and construction, petroleum refining and textiles. However, during the last few years, new technologies have been moving forward due to the growth of high-qualified workforce whose cost is lower than the European average.

Romania's economy is mainly centered in the services sector, which represents almost 60% of the GDP and employs about half of the nation's workforce.

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