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2022
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Exports $3.09BRnk 21 / 218
2022
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Top Product $292MPig Meat
2022
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Exports $2.9BRnk 11 / 196
2022
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Top Product $379MCars
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$1.4TCURRENT US$
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2012-2022
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GDP GROWTH5.49%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 $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%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

Spain-Romania Trade: In 2022, Spain exported $3.09B to Romania. The main products that Spain exported to Romania were Pig Meat ($292M), Cars ($224M), and Spark-Ignition Engines ($169M). Over the past 5 years the exports of Spain to Romania have increased at an annualized rate of 4.95%, from $2.43B in 2017 to $3.09B in 2022.

In 2009, Spain exported services to Romania worth $158M, with Services not allocated ($158M) being the largest in terms of value.

Romania-Spain Trade: In 2022, Romania exported $2.9B to Spain. The main products that Romania exported to Spain were Cars ($379M), Corn ($308M), and Motor vehicles; parts and accessories (8701 to 8705) ($240M). Over the past 5 years the exports of Romania to Spain have increased at an annualized rate of 6.78%,  from $2.09B in 2017 to $2.9B in 2022.

In 2020, Romania exported services to Spain worth $853M, with Transportation ($639M), Travel ($60.9M), and Other business services ($53.3M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €228M and imported €138M from Romania, resulting in a positive trade balance of €90.5M. Between August 2023 and August 2024 the exports of Spain have increased by €15.5M (7.29%) from €213M to €228M, while imports decreased by €-89.1M (-39.3%) from €227M to €138M.

Trade In August 2024, the top exports of Spain to Romania were Pig Meat (€24.4M), Motor vehicles; parts and accessories (8701... (€15M), Cars (€14.4M), Pesticides (€4.48M), and Non-Knit Women's Suits (€4.13M). In August 2024 the top imports of Spain from Romania were Refined Petroleum (€32.8M), Cars (€26M), Motor vehicles; parts and accessories (8701... (€23.1M), Corn (€9.66M), and Rubber Tires (€7.4M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€42.1M), A Coruña (€29.3M), Valladolid (€22.3M), Girona (€13.2M), and Zaragoza (€11.8M), while imports destinations were mainly Madrid (€23.7M), Barcelona (€17M), Valencia (€14.9M), Lleida (€13.5M), and Cádiz (€10.2M).

Growth In August 2024, the increase in Spain's year-by-year exports to Romania was explained primarily by an increase in product exports in Pig Meat (€11.5M or 89.5%), Iron Blocks (€2.31M or 1.65k%), and Motor vehicles; parts and accessories (8701... (€1.8M or 13.7%). In August 2024, the decrease in Spain's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Wheat (€-17.6M or -99.7%), Cars (€-8.3M or -24.2%), and Hot-Rolled Iron (€-7.07M or -93.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€15.5M(7.29%)
IMPORT GROWTH (August 2023 - August 2024)€-89.1M(-39.3%)
MAIN EXPORTER (August 2024)Barcelona€42.1M

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

To check Romania and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $3.09B to Romania. The main products exported from Spain to Romania were Pig Meat ($292M), Cars ($224M), and Spark-Ignition Engines ($169M). During the last 5 years the exports of Spain to Romania have increased at an annualized rate of 4.95%, from $2.43B in 2017 to $3.09B in 2022.

In 2017, Romania exported $2.9B to Spain. The main products exported from Romania to Spain were Cars ($379M), Corn ($308M), and Motor vehicles; parts and accessories (8701 to 8705) ($240M). During the last 5 years the exports of Romania to Spain have increased at an annualized rate of 6.78%, from $2.09B in 2022 to $2.9B in 2017.

Exports from Spain (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Spain than Romania included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Romania than Spain included Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

Difference in imports from Romania (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Romania

Flow
Scale

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

During 2022, Spain had a large net trade with Romania in the exports of Machines ($687M), Transportation ($454M), and Animal Products ($348M).

During 2017, Romania had a large net trade with Spain in the exports of Transportation ($657M), Machines ($578M), and Vegetable Products ($492M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Romania+$107MCars
Top Product Potential Romania Spain+$129MCars

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.

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Bilateral Service Trade

In 2009, Spain exported services to Romania worth $158M, with Services not allocated ($158M) being the largest in terms of value.

In 2020, Romania exported services to Spain worth $853M, with Transportation ($639M), Travel ($60.9M), and Other business services ($53.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Romania (Flag) (2009)

Services Exports from Romania (Flag) to Spain (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Romania (Flag) (2022)

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