Norway, Czechia and Slovenia to name a few, revenues of the Romanian basic iron, steel and ferro-alloys manufacturing industry are projected to decline drastically from 3.4 billion U.S. dollars in 2011 to under 285 million U.S. dollars by 2023. This can be attributed to the lack of investments in the necessary infrastructure, which have resulted in the closure of many industries as well as prompted a shift to stronger manufacturing locations. In 2017, the country imported iron and steel worth 3 billion euros, a 26 percent year over year rise, as per a report from the National Statistics Institute, INS. During the same period, iron and steel exports were valued at 2.2 billion euros. In fact, even as a general trend, imports seem to be exceeding exports in the country. In 2018, goods worth nearly 97.78 billion U.S. dollars were imported to Romania whilst the overall exports were valued at 80 billion U.S. dollars, leading to a trade deficit of over 17 billion U.S. dollars.
Mirroring the trend in countries such as Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Romania from 2011 to 2023 (in million U.S. Dollars)
Further Content: You might find this interesting as well
Statistics
- Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Greece 2011-2023
- Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Norway 2011-2023
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Spain 2012-2024
- Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Czechia 2011-2023
- Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Hungary 2011-2023
- Manufacture of basic iron, steel, ferro-alloys revenue in Slovakia 2012-2022
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Portugal 2011-2023
- Manufacture of basic iron, steel, ferro-alloys revenue in Turkey 2013-2022
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in France 2012-2024
- Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Ireland 2011-2023
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Austria 2012-2024
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Germany 2012-2024
- Industry revenue of “manufacture of basic iron, steel, ferro-alloys“ in Switzerland 2012-2...
- Forecast: revenue basic iron and steel manufacture Austria 2008-2020
- Manufacture of basic iron, steel, ferro-alloys revenue in the United Kingdom 2010-2022
- Mexico: primary iron production 2015-2019
- Flanges of steel: sales value in the United Kingdom (UK) 2008-2016
- Complete annual iron production in Wales from 2000-2017
- Industry revenue of »manufacture of tubes, pipes, hollow profiles« in Czechia 2011-2023
- Production volume of steel bars South Korea 2010-2019
Eurostat. (April 1, 2019). Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Romania from 2011 to 2023 (in million U.S. Dollars) [Graph]. In Statista. Retrieved January 20, 2021, from https://www.statista.com/forecasts/395562/manufacture-of-basic-iron-steel-ferro-alloys-revenue-in-romania
Eurostat. "Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Romania from 2011 to 2023 (in million U.S. Dollars)." Chart. April 1, 2019. Statista. Accessed January 20, 2021. https://www.statista.com/forecasts/395562/manufacture-of-basic-iron-steel-ferro-alloys-revenue-in-romania
Eurostat. (2019). Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Romania from 2011 to 2023 (in million U.S. Dollars). Statista. Statista Inc.. Accessed: January 20, 2021. https://www.statista.com/forecasts/395562/manufacture-of-basic-iron-steel-ferro-alloys-revenue-in-romania
Eurostat. "Industry Revenue of »manufacture of Basic Iron, Steel, Ferro-alloys« in Romania from 2011 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/forecasts/395562/manufacture-of-basic-iron-steel-ferro-alloys-revenue-in-romania
Eurostat, Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Romania from 2011 to 2023 (in million U.S. Dollars) Statista, https://www.statista.com/forecasts/395562/manufacture-of-basic-iron-steel-ferro-alloys-revenue-in-romania (last visited January 20, 2021)