The economy of Romania is a fast developing, upper middle income mixed economy with a very high Human Development Index and a skilled labour force, ranked 15th in the European Union by total nominal GDP and 10th largest when adjusted by purchasing power parity.
Major industries in Romania are precision machinery, motor vehicles, chemicals, pharmaceuticals, electric goods, food, fashion, clothing, petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining and defence.
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The aluminium alloy importation of Romania during 2017-19 was recorded at 212,908 tonnes as volume and the expenditure occurred stood at $362.47 million. The projected import volume for 2020 has also been analysed with growth as the volume of import might stand to 82,598 tonnes and the expenditure might fall to $119.10 million. When the analysed import volume and expenditure of 2020 gets summed with the preceding three years it reflects 295,506 tonnes and $481.57 million respectively.
Romania’s aluminium alloy importation in 2017 stood 51,441 tonnes and the expenditure remained at $143.71 million, whereas in 2018 the bauxite importation saw growth by 57.55% as the import volume stood at 81,050 tonnes and the expenditure shot up to $143.71 million.
In 2019 the import volume stood at 80,417 tonnes and the expenditure remained at $130.06 million, whereas in 2020 the analysed import volume is reflected with growth by 2.71%, as the volume might reach to 82,598 tonnes, though the expenditure is expected to fall at $119.10 million.
The major export trading nations for Romania’s aluminium alloy are Albania, Austria, Italy, Belgium, Bulgaria, Czech Rep., Cyrus, Germany, France, Hungary, etc.
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