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2021
Economic Complexity
Technology 0.49Rank 42 of 96
2022
Economic Complexity
Research -0.4Rank 75 of 135
2022
Product
Exports | Imports $99.5B | $129B49 of 231 |  41 of 232

About

Overview In 2022 Romania was the number 49 economy in the world in terms of total exports and the number 41 in total imports.

Exports The top exports of Romania are Cars ($6.75B), Motor vehicles; parts and accessories (8701 to 8705) ($6.61B), Insulated Wire ($4.15B), Refined Petroleum ($3.57B), and Wheat ($3.14B), exporting mostly to Germany ($18.8B), Italy ($9.55B), Hungary ($6.75B), France ($5.73B), and Bulgaria ($3.9B).

Imports The top imports of Romania are Crude Petroleum ($6.3B), Motor vehicles; parts and accessories (8701 to 8705) ($4.49B), Refined Petroleum ($3.57B), Packaged Medicaments ($3.47B), and Cars ($3.46B), importing mostly from Germany ($21.4B), Italy ($10.5B), Hungary ($7.94B), Turkey ($7.88B), and Poland ($7.58B).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Romania.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Cars$6.75B
Top Destination (2022)Germany$18.8B

In 2022, Romania exported a total of $99.5B, making it the number 49 exporter in the world. During the last five reported years the exports of Romania have changed by $26.4B from $73B in 2017 to $99.5B in 2022.

The most recent exports are led by Cars ($6.75B), Motor vehicles; parts and accessories (8701 to 8705) ($6.61B), Insulated Wire ($4.15B), Refined Petroleum ($3.57B), and Wheat ($3.14B). The most common destination for the exports of Romania are Germany ($18.8B), Italy ($9.55B), Hungary ($6.75B), France ($5.73B), and Bulgaria ($3.9B).

Explore Visualizations

Market Growth

Flow
View
Fastest Growing Export Markets (N/A - N/A)
Germany$2.85B (+ 32.8%)
Germany$2.73B (+ 20.4%)
Germany$2.41B (+ 15%)
Fastest Growing Import Markets (N/A - N/A)
China$4.29B (+ 230%)
Germany$3.54B (+ 19.9%)
Germany$2.64B (+ 26.1%)

Total Export Growth by Market (NaN - undefined)

Economic Complexity

Overview

Economic Complexity (Technology)0.49Rank 42 of 96
Economic Complexity (Research)-0.4Rank 75 of 135

Most Specialized Products by RCA Index

Romania has a high level of specialization in Non-Retail Silk Yarn (66), Non-Retail Silk Yarn (63.6), Non-Retail Silk Yarn (60.7), Non-Retail Silk Yarn (57.1), and Non-Retail Silk Yarn (55.9). Specialization is measured using RCA, an index that takes the ratio between Romania observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Romania according to the relatedness index, were Aluminium Structures (0.33), Other Knit Garments (0.33), Pickled Foods (0.33), Non-Knit Babies' Garments (0.32), and Preserved Vegetables (0.32). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Romania is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Romania. These are products that tend to be co-exported with the products that Romania exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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