By its size, looks more like 20VA transformer rather than 200VA. What is the size of the magnetic core?
There was an empirical formula to approximate the required section of the magnetic core by the total power.
Vaguely recall
S = 1.5 * sqrt(P)
Where
- S is the core section in square centimeters (by core section meaning only the metal encircled by the coils, so only the middle leg of the E shaped core)
- P is the transformer power, here 200VA
For example, for a 200VA transformer, the expected core section should be about 20cm2 or more, so the thickness of the E stack multiplied with the width of the middle leg of a single E (all in cm) should be about 20 or bigger for a 200VA mains transformer.
Most probably I recall that formula wrong...

, better search online for mains transformer design, particularly for the step where the section of the core is estimated starting from the desired total power.
The no load current seems large to me, I guess that is because the magnetic core enters into saturation (too much voltage). Seeing USA mentioned on the label, makes me wonder why would they sell 230V transformer in USA, where the mains AC is 110V. Maybe that transformer was mislabeled, and it is in fact a 110V transformer?
