Romania Oil Imports 2026 Market Overview & Trends
Unlocking Opportunities in Romania Oil Imports Market: Trends, Strategies, and Growth Insights
$5.0 b
Market Size
missing data
Import Volume
Guyana
Key Trading Partner
~21.62%
Market Growth Rate
Oil Market Overview in Romania
AI Insight
Romania's oil import market shows a resilient growth trajectory, recovering to $4.97 billion in 2024 with a strong 21.62% growth rate. Kazakhstan maintains its position as the primary supplier ($2.68B), while Guyana and Azerbaijan are rapidly emerging as key competitive partners with the highest growth rates. The market remains heavily concentrated in petroleum crude oil (HS 270900). These trends suggest a dynamic trade environment where Romania is successfully diversifying its energy sources while sustaining high overall demand.
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5-Year Import Volume
AI Insight
Romania's import value peaked in 2022 at $5.90 billion. Following a dip in 2023, the market rebounded to $4.97 billion in 2024. Overall, the trend shows significant growth compared to the 2020 baseline of $2.27 billion, indicating a strengthening long-term demand for imports within this sector.
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Discover OpportunitiesTop 5 Supplier Countries
Kazakhstan
Azerbaijan
Guyana
Norway
Libya
AI Insight
Kazakhstan is the dominant supplier to Romania, providing $2.67 billion in value for 2024. Other major contributors include Azerbaijan ($705M) and Guyana ($633M). The data reveals a concentrated supplier base, with the top three exporters accounting for the majority of the total import value.
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See Key SuppliersImport Growth Analysis
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View Growth InsightsAI Insight
The market achieved a robust growth rate of 21.62%. This double-digit expansion highlights a strong upward momentum in trade activity, suggesting favorable market conditions and increasing procurement requirements for the Romanian market.
Emerging Supply Markets
AI Insight
Guyana stands out as the fastest-growing partner with a 2.67 growth rate, followed by Azerbaijan (1.46) and Norway (1.09). These figures indicate a strategic diversification of the supply chain, with significant emerging momentum from South American and Northern European exporters.
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Explore Emerging MarketsRelated Products You May Import
AI Insight
Petroleum crude oil (HS 270900) is the primary commodity, with a total import value of $4.97 billion in 2024. This confirms that the sector's trade value is almost entirely driven by this specific product category.
Explore Related Products, Discover New Markets: View the full Romania import data.
Explore Related ProductsOil Import Requirements in Romania
Before Shipment
Documentation Required
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View RequirementsOil Imports and Free Trade Agreements in Romania
Maximize Your Oil Exports: Explore Romania Free Trade Agreements and related import conditions.
Explore FTAs- European Union Single Market (EEA)
- EU-UK Trade and Cooperation Agreement
- EU-Canada Comprehensive Economic and Trade Agreement (CETA)
- EU-Japan Economic Partnership Agreement
- EU-South Korea Free Trade Agreement
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