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2022
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Exports $575MRnk 65 / 220
2022
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Top Product $59.5MCars
2022
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Exports $612MRnk 28 / 196
2022
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Top Product $146MCorn
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$1.67TCURRENT US$
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2012-2022
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GDP GROWTH30.3%CURRENT US$
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2022
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 GDP$301BCURRENT US$
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2012-2022
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GDP GROWTH68.2%CURRENT US$
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2022
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GDP PC $32,255CURRENT US$
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2012-2022
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GDP PC GROWTH26.7%CURRENT US$
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2022
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GDP PC$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH77.9%CURRENT US$
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About

South Korea-Romania In 2022, South Korea exported $575M to Romania. The main products that South Korea exported to Romania are Cars ($59.5M), Large Flat-Rolled Stainless Steel ($42.6M), and Coated Flat-Rolled Iron ($36.3M). During the last 27 years the exports of South Korea to Romania have increased at an annualized rate of 1.14%, from $423M in 1995 to $575M in 2022.

In 2022, South Korea did not export any services to Romania.

Romania-South Korea In 2022, Romania exported $612M to South Korea. The main products that Romania exported to South Korea were Corn ($146M), Motor vehicles; parts and accessories (8701 to 8705) ($48.2M), and Non-Knit Women's Coats ($34.6M). During the last 27 years the exports of Romania to South Korea have increased at an annualized rate of 8.64%, from $65.2M in 1995 to $612M in 2022.

In 2020, Romania exported services to South Korea worth $20.1M, with Computer and information services ($10.9M), Other business services ($5.48M), and Transportation ($3.08M) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

March, 2024

About

Overview In March 2024, South Korea exported $51M and imported $70M from Romania, resulting in a negative trade balance of $19M. Between March 2023 and March 2024 the exports of South Korea have increased by $6.53M (14.7%) from $44.4M to $51M, while imports increased by $10.2M (17.1%) from $59.8M to $70M.

Trade In March 2024, the top exports of South Korea to Romania were Cars, tractors, trucks & parts thereof. ($9.52M), Machinery, mechanical appliances, & parts ($4.39M), Iron & steel ($3.74M), Plastics & articles thereof ($3.11M), and Electrical machinery and electronics ($3.05M). In March 2024 the top imports of South Korea from Romania were Electrical machinery and electronics ($11.9M), Cereals ($11.5M), Non-knitted clothing accesories ($10.2M), Machinery, mechanical appliances, & parts ($10M), and Cars, tractors, trucks & parts thereof. ($3.7M).

Growth In March 2024, the increase in South Korea's year-by-year exports to Romania was explained primarily by an increase in product exports in Rubber & articles thereof ($1.09M or 119%), Pharmaceutical products ($233k or 706%), and Paper articles ($218k or 21.8k%). In March 2024, the increase in South Korea's year-by-year imports  from Romania was explained primarily by an increase in product imports  in Machinery, mechanical appliances, & parts ($3.38M or 51.1%), Cereals ($2.89M or 33.5%), and Electrical machinery and electronics ($2.82M or 30.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$6.53M(14.7%)
IMPORT GROWTH (March 2023 - March 2024)$10.2M(17.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Romania and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $575M to Romania. The main products exported from South Korea to Romania were Cars ($59.5M), Large Flat-Rolled Stainless Steel ($42.6M), and Coated Flat-Rolled Iron ($36.3M). During the last 27 years the exports of South Korea to Romania have increased at an annualized rate of 1.14%, from $423M in 1995 to $575M in 2022.

In 2022, Romania exported $612M to South Korea. The main products exported from Romania to South Korea were Corn ($146M), Motor vehicles; parts and accessories (8701 to 8705) ($48.2M), and Non-Knit Women's Coats ($34.6M). During the last 27 years the exports of Romania to South Korea have increased at an annualized rate of 8.64%, from $65.2M in 1995 to $612M in 2022.

Exports from South Korea (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Romania
Top DestinationGermany$18.8B

This map shows whether countries import more from South Korea or Romania. Each country is colored based on the difference in imports they receive from South Korea and Romania or the difference in the growth in imports.

In 2021, countries that imported more from South Korea than Romania were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Romania than South Korea were Germany ($18.8B), Bulgaria ($3.9B), and Italy ($9.55B).

Difference in imports from Romania (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Romania

Flow
Scale

This chart compares trade between South Korea and Romania by product, considering products traded by both, South Korea and Romania.

During 2022, South Korea had a large net trade with Romania in the exports of Metals ($140M), Machines ($124M), and Plastics and Rubbers ($83.6M).

During 2022, Romania had a large net trade with South Korea in the exports of Machines ($194M), Vegetable Products ($157M), and Textiles ($97.8M).

Service Trade

Bilateral Service Trade

In 2020, Romania exported services to South Korea worth $20.1M, with Computer and information services ($10.9M), Other business services ($5.48M), and Transportation ($3.08M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to South Korea (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Romania (Flag) (2022)

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