The National Institute of Statistics shows Romania’s exports amounted to 45 billion Euros in 2011, registering a 20.5% increase, as compared to 2010 and the volume of imports increased by 16.7%, up to some 54.7 billion Euros. If we draw a line, Romania’s trade deficit stands at some 9.7 billion Euros, close to the level registered in 2010. As regards exchanges of goods within the EU, in 2011, the volume of exports stood at 32 billion Euros and of imports at 39.7 billion Euros, accounting for 71.1 % of the total volume of exports and for 72.6% of the total volume of imports. In 2011, Romania’s exports to non-EU countries continued to follow an upward trend. A significant increase in the volume of exports to Canada was noticeable in 2011, especially in the field of machinery, electrical devices, boilers, nuclear equipment and spare parts for planes.

More spare parts for cars and chemical products were exported to the US. The volume of exports to Brazil also increased, consisting mainly in cars, spare parts for cars, rolling stock and oil-field equipment. The volume of exports to the Russian Federation, the Ukraine and Turkey was also on the rise. However, in December 2011, an increase of only 0.2% was registered in the volume of exports, as compared to December 2010, because the “Nokia” plant in Cluj County was closed down, the Finnish cell phone producer being the second largest exporter in Romania in 2011, after the “Automobile Dacia Groupe Renault”. However, economic analysts say the place left vacant by Nokia, in terms of exports, will be filled by the Italian company DeLonghi which took over some of the production units previously held by Nokia in Cluj County. Additionally, the German car part producer Bosch has made public its intention to make an investment in Romania.

In 2010, Romania’s main companies which exported products to EU member states were “Automobile Dacia Groupe Renault”, “Nokia Romania” (which has withdrawn from Romania), “Honeywell Technologies”, “OMV Petrom”, the “Daewoo” shipyard in Mangalia, the tyre producer Continental Romania, the “ALRO Slatina” aluminium works and the company “Rompetrol Rafinare”, which is held by “KazMunaiGaz”, a state-owned company from Kazakhstan. The main companies which exported products to non-EU countries were the “Arcelor Mittal Galati” steel works, “Rompetrol Rafinare”, “Nokia Romania”, “Automobile Dacia Groupe Renault”, “OMV Petrom”, “Petrotel Lukoil”, the “Holzindustrie Schweighofer” wood working plant and “Azomures” chemical works in Targu Mures.

Romania’s products are mainly exported to Germany, Italy, France, Turkey, Hungary, Bulgaria, the United Kingdom and Spain. Along the same line, Romania imports products mainly from Germany, Italy, Hungary, France, China, the Russian Federation, Austria and the Netherlands