While Romania’s involvement in the tapioca starch trade is relatively modest, there are opportunities for growth and development. Enhancing trade partnerships with countries like Czechia and the Netherlands, as well as diversifying export destinations, can contribute to the expansion of Romania’s tapioca starch exports.
Moreover, Romania’s imports from Vietnam, Spain, and other countries indicate a growing demand for tapioca starch within the domestic market. Strengthening trade relations, exploring new sourcing options, and staying informed about evolving market dynamics and tariff regulations will be crucial for Romania to optimize its tapioca starch trade.
Romania’s Tapioca Starch Exports
In 2021, Romania exported a total of $584 worth of tapioca starch, positioning it as the 87th largest global exporter of this product. Tapioca starch occupied the 4243rd spot among Romania’s most exported goods, signifying its relatively limited presence within the country’s overall export profile.
The primary destinations for Romania’s tapioca starch exports were Czechia, with imports valued at $402, and the Netherlands, with imports valued at $182.
Notably, the fastest growing export market for Romanian tapioca starch between 2020 and 2021 was the Netherlands, demonstrating a substantial growth of $161.
Romania’s Tapioca Starch Imports
In 2021, Romania imported approximately $147k worth of tapioca starch, securing its position as the 79th largest global importer of this product. Tapioca starch occupied the 4036th spot among Romania’s most imported goods, indicating its moderate significance within the country’s overall import landscape.
Vietnam emerged as the primary source of Romania’s tapioca starch imports, with imports valued at $57.6k. Spain, the Netherlands, Germany, and Italy were also significant import partners, contributing respective values of $47.6k, $26k, $4.56k, and $4.04k.
Between 2020 and 2021, Romania experienced notable growth in its import market for tapioca starch. Vietnam exhibited the highest growth rate, with an increase of $57.6k. The Netherlands and Italy also demonstrated positive growth during this period, with increases of $22.4k and $4.04k, respectively.
Romania’s Tapioca Starch Tariffs
In 2017, the average tariff for tapioca starch in Romania was 30%. Notably, certain countries imposed the highest import tariffs on tapioca starch. The Republic of the Congo, Cape Verde, Algeria, Western Sahara, and Gabon all had a Most Favoured Nation duty rate treatment of 47.9%.
Importing Tapioca Starch from Vietnam
Vietnam has emerged as a prominent supplier of tapioca starch to the Romania market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $57,626. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Romania in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Romania benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Romania’s confidence in Vietnam as a trusted and preferred partner for fulfilling its tapioca starch requirements. With its consistent quality and competitive pricing, Vietnam’s tapioca starch has proven to be a reliable source that meets Romania’s demand for this essential product.