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Romania's exports totalled US$41.67 billion and imports totalled US$66.78 billion in 2008. [2] The Ilfov County and the national capital Bucharest together are the country's top exporter and account for around 19% of the total exports. They are also the largest importer in the country accounting to nearly 40% of total imports. [3]
Romania's chief exports to Italy included leather footwear, cars, telephones, tobacco, men's suits, seats and iron pipes. 2.8% of the country's GDP is derived from agricultural activity. While Romania imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs.
Romania has a complex, high-income market economy, the 45th largest in the world by total nominal GDP and the 36th largest based on purchasing power parity. [1] The country is a regional leader in multiple fields, such as IT and motor vehicle production. [2] [3] In 2016, Romania was the 46th largest exporter of goods in the world. [4]
Present-day Romania boasts significant oil-refining capabilities, demonstrating a notable interest in the Central Asia-Europe pipelines while actively cultivating relations with select Arab States of the Persian Gulf. With a total of 10 refineries and an overall refining capacity of approximately 504,000 barrels per day (80,100 cubic meters per ...
Location of Romania. Romania is a sovereign state located in Southeastern Europe. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
In 2016 62% of road fatalities occurred in urban area, [6] Romania has 1189 fatalities in urban area, that is 60 killed in urban area per million inhabitants, or 3.2 times more than EU average of 19. This makes Romania the EU member state with the most fatalities per million population, 42.9% more fatalities than the second country, Hungary. [6]
Romania has been successful in developing dynamic telecommunications, [1] aerospace, [2] and weapons sectors. [3] [4] Industry and construction accounted for 32% of gross domestic product (GDP) in 2018, a comparatively large share even without taking into account related services. The sector employed 26.4% of the workforce.
Romania is an oil producer, but the level of production is not enough to make the country self-sufficient. As a result, it is a net oil and gas importer. The pipeline network in Romania included: 1,738 km for crude oil, 2,321 km for petroleum products and 708 km for natural gas, in 1999.