Romania's main export products include: Machinery, chemicals, metals, textiles and footwear, agricultural products. The main export markets are southern European countries, Germany, Hungary, Moldavia. Romania's main imported products include Germany, Italy, Hungary. The main import markets are the EU countries (such as Germany, Italy, Hungary) and the United Kingdom.

1. Romanian market characteristics

Romania focuses mainly on intra-EU trade and focuses on developing trade and investment relations with the US, Australia, Canada and some other countries in the European region.

Industrial products mainly include: electrical equipment, textiles, leather shoes, machinery, automobiles, mining products, wood, building materials, steel, aluminum, chemicals, processed foods, gas, petroleum, petrochemical products, pharmaceuticals....

Key agricultural products include: wheat, corn, barley, sugar beets, sunflower seeds, potatoes, grapes, eggs, lamb...

 Romania's main export products include: Machinery, chemicals, metals, textiles and footwear, agricultural products. The main export markets are southern European countries, Germany, Hungary, Moldavia.

 Romania's main imported products include Germany, Italy, Hungary. The main import markets are the EU countries (such as Germany, Italy, Hungary) and the United Kingdom.

2. Bilateral trade relations between Vietnam and Romania

According to Vietnam Customs, the total trade turnover of goods between Vietnam and Romania in 2020 reached 288.4 million USD, up 10.4% compared to 2019. Exports from Vietnam to Romania reached about 220.2 million USD, up 13.6% compared to 2019 and imports from Romania reached 68.2 million USD, up 1.1% compared to 2019.

In the first 6 months of 2021, the total trade turnover between Vietnam and Romania reached 150,301 million USD.

3. Romanian market development trends

With its geographical location in southeastern Europe, Romania allows to shorten the export gap to regions such as Turkey, the Balkans, the Middle East, and other markets such as Russia and Ukraine. In fact, its location bordering the Black Sea allowed Romania to become one of the gateways of Europe. It is also for these reasons that some foreign manufacturers have turned to business investment in Romania. Currently Romania is strongly focused of developing high-end software and services of Romania is almost completely export controlled, serving regional and global markets.

During this period, there are many opportunities for foreign businesses to invest in Romania, especially in some industries such as:

• Agricultural machinery and tools
• Cosmetic
• Environmental engineering (water/wastewater and solid waste management)
• Medical/Healthcare Equipment
• Cybersecurity.
• Security services.
• Agricultural products.
• Information technology.
• Energy, oil and gas, renewable energy.