The Treasurer’s Guide to Trade Finance

Romania

Principal exports

Machinery and equipment, textiles and footwear,
metals and metal products, minerals and fuels,
chemicals, and agricultural products.

Import/export documentation

Within the EU: no documentation
requirements, but a commercial invoice is
typically included.

Outside the EU: commercial invoice, customs
declaration, bill of lading, packing list and,
sometimes, a certificate of origin.

Licences

Imports

ƒ Goods/items that are subject to international
controls.

Exports

ƒ Goods/items that are subject to international
controls.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Romania imports exports

Trade information

Key trading partners

Imports by origin

EU 72.6%

China 4.6%

Kazakhstan 4.2%

Russian

Federation 3.8%

Turkey 3.5%

Other 11.3%

Source: WTO, September 2012

Exports by destination

EU 71.1%

Turkey 6.2%

Russian

Federation 2.3%

Ukraine 1.8%

USA 1.8%

Other 16.8%