Angola (AGO) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Angola-Romania Trade: In 2022, Angola exported $1.22M to Romania. The main products that Angola exported to Romania were Electric Soldering Equipment ($471k), Electrical Power Accessories ($228k), and Electric Filament ($154k). Over the past 5 years the exports of Angola to Romania have increased at an annualized rate of 50.1%, from $159k in 2017 to $1.22M in 2022.

In 2022, Angola did not export any services to Romania.

Romania-Angola Trade: In 2022, Romania exported $14.2M to Angola. The main products that Romania exported to Angola were Liquid Pumps ($2.66M), Iron Pipes ($2.45M), and Cars ($1.53M). Over the past 5 years the exports of Romania to Angola have increased at an annualized rate of 29.8%, from $3.86M in 2017 to $14.2M in 2022.

In 2022, Romania did not export any services to Angola.

Comparison: In 2022, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Angola exported $1.22M to Romania. The main products exported from Angola to Romania were Electric Soldering Equipment ($471k), Electrical Power Accessories ($228k), and Electric Filament ($154k). During the last 5 years the exports of Angola to Romania have increased at an annualized rate of 50.1%, from $159k in 2017 to $1.22M in 2022.

In 2017, Romania exported $14.2M to Angola. The main products exported from Romania to Angola were Liquid Pumps ($2.66M), Iron Pipes ($2.45M), and Cars ($1.53M). During the last 5 years the exports of Romania to Angola have increased at an annualized rate of 29.8%, from $3.86M in 2022 to $14.2M in 2017.

Exports from Angola () to Romania () (2022)

Exports from Romania () to Angola () (2022)

Latest Data

Trade between Angola () and Romania ()

Angola Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$21.8B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Angola than Romania included China ($21.8B), India ($4.81B), and United Arab Emirates ($3.63B).

In 2022, countries that imported more from Romania than Angola included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

Difference in imports from Romania () and Angola () (2022)

Comparative Advantage Angola - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Angola had a large net trade with Romania in the exports of Machines ($1.08M), Instruments ($88.8k), and Metals ($38.5k).

During 2017, Romania had a large net trade with Angola in the exports of Machines ($4.84M), Metals ($3.81M), and Instruments ($1.62M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Romania+$54.3kOther Measuring Instruments

Top Product Potential Romania Angola+$3.46MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Angola and Romania. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Romania () (2022)

Exports from Romania () to Angola () (2022)

Latest Data

Trade between Angola () and Romania ()

Angola Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Angola () (2022)

Comparative Advantage Angola - Romania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Angola () and Romania () (2022)

Keep Exploring