Key Market Indicators
Romanian Iron Ore Exports have fallen sharply in 2023, reaching approximately $479,000. This marks a significant 19.4% decrease from the $595,000 recorded in 2022. The decline in exports has been a continuing trend since 2007, with an average annual drop of 21.9%. In the global ranking for 2023, Romania stands at 37th place, with Uganda surpassing it with exports also around $479,000. Leading the rankings are Brazil, Canada, and South Africa, occupying the second, third, and fourth positions respectively. On the import front, Romanian Iron Ore Imports are projected to hit $235 million by 2028, a slight decrease from the $237 million expected in 2023. This represents an average annual decline of 0.1% since 1994, where the demand has been waning by 1.5% each year. In 2023, Romania is ranked 30th in iron ore imports, with Serbia just ahead at $237 million. Dominating the import rankings are Japan, South Korea, and Germany, holding the second, third, and fourth spots respectively.
