Bucharest Firms Lead Romania Foreign Trade With 53 . 2 Billion Euros In 2024, A Record High, Says World Trade Centre Bucharest (Wtc).

Top Performing Counties in Foreign Trade

The capital city of Bucharest, with its strategic location and favorable business environment, has emerged as the top performer in foreign trade operations among the counties in Romania. The city's strong connections to major European markets, coupled with its well-developed infrastructure, have made it an attractive hub for international trade. • Key factors contributing to Bucharest's success in foreign trade include:

Strategic location at the crossroads of Europe, Asia, and Africa

Well-developed transportation infrastructure, including airports, seaports, and highways

Favorable business environment, with a low corporate tax rate and streamlined regulatory procedures

Strong connections to major European markets, including Germany, France, and the UK

Ilfov County, located just north of Bucharest, has also emerged as a significant player in foreign trade operations.

The top five countries of export for Bucharest businesses were Germany, Italy, France, the Netherlands, and the United Kingdom.Key Findings

The analysis of Bucharest's export data reveals several key findings that shed light on the city's economic performance and its position in the global market. • The top ten counties account for 68.6% of Romania's exports, while the remaining 32 totaled 31.4%.

The top 5 importers of goods in Romania are:

Romania's largest importers are the countries of China, Germany, Italy, France, and the United States.

The majority of Romania's imports are in the categories of machinery, electronics, and vehicles.

The country's imports are mainly sourced from the European Union, with the majority coming from Germany, Italy, and France.

The top 5 import categories are:

Machinery (6% of total imports)

Electronics (1% of total imports)

Vehicles (5% of total imports)

Chemicals (3% of total imports)

Pharmaceuticals (5% of total imports)

The majority of Romania's exports are to the European Union, with the majority coming from Germany, Italy, and France.

The top 5 export categories are:

Machinery (6% of total exports)

Electronics (1% of total exports)

Vehicles (5% of total exports)

Chemicals (3% of total exports)

Pharmaceuticals (5% of total exports)

The Romanian economy is heavily reliant on imports, with the majority of goods coming from the European Union.