Flag United Kingdom / Romania Flag

Exports Flag β†’ Flag  (2018): $1.88B, Rnk 37 / 217

Top Product Flag β†’ Flag (2018): $81.4M, Vehicle Parts

Exports Flag β†’ Flag (2018): $3.41B, Rnk 4 / 184

Top Product Flag β†’ Flag (2018): $486M, Cars

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

Economic Complexity of Flag (2018): ECI 0.92, Rnk 29 / 137

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP Flag (2018): $240B, CURRENT US$
Rnk 47 / 196

GDP GROWTH Flag (2008-2018): 11.8%, CURRENT US$
Rnk 138 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

GDP PC Flag (2018): $12,301, CURRENT US$
Rnk 64 / 196

GDP PC GROWTH Flag (2008-2018): 17.9%, CURRENT US$
Rnk 106 / 196

United Kingdom-Romania: In 2018, United Kingdom exported $1.88B to Romania. The main products that United Kingdom exported to Romania are Vehicle Parts ($81.4M), Packaged Medicaments ($79.7M), and Combustion Engines ($60.9M). During the last 23 years the exports of United Kingdom to Romania have increased at an annualized rate of 8.15%, from $309M in 1995 to $1.88B in 2018.

In 2016, United Kingdom exported services to Romania worth $682M, with Travel ($623M), Transportation ($36.4M), and Government services, n.i.e. ($22.9M) being the largest in terms of value.

Romania-United Kingdom: In 2018, Romania exported $3.41B to United Kingdom . The main products that Romania exported to United Kingdom were Cars ($486M), Vehicle Parts ($318M), and Insulated Wire ($311M). During the last 23 years the exports of United Kingdom to Romania have increased at an annualized rate of 8.15%, from $309M in 1995 to $1.88B in 2018.

In 2016, Romania exported services to United Kingdom worth $1.09B, with Other business services ($351M), Computer and information services ($319M), and Transportation ($204M) being the largest in terms of value.

Comparison: In 2018,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). That same year, Romania ranked 29 in the Economic Complexity Index (ECI 0.92), and 41 in total exports ($81.6B).

Bilateral Trade by Products

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Depth
Value

In 2018, United Kingdom exported $1.88B to Romania. The main products exported from United Kingdom to Romania were Vehicle Parts ($81.4M), Packaged Medicaments ($79.7M), and Combustion Engines ($60.9M). During the last 23 years the exports of United Kingdom to Romania have increased at an annualized rate of 8.15%, from $309M in 1995 to $1.88B in 2018.

In 2018, Romania exported $3.41B to United Kingdom. The main products exported from Romania to United Kingdom were Cars ($486M), Vehicle Parts ($318M), and Insulated Wire ($311M). During the last 23 years the exports of Romania to United Kingdom have increased at an annualized rate of 11.5%, from $278M in 1995 to $3.41B in 2018.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $61.9B

Romania
Top Destination
: Germany, $18.3B

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

In 2018, countries that imported more from United Kingdom than Romania were United States ($61.9B), Netherlands ($33.3B), and Germany ($45.5B).

In 2018, countries that imported more from Romania than United Kingdom were Bulgaria ($2.54B), Hungary ($3.36B), and Moldova ($1.22B).

Comparative Advantage United Kingdom - Romania

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Depth

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

During 2018, United Kingdom had a large net trade with Romania in the exports of Machines ($628M), Chemical Products ($268M), and Textiles ($261M).

During 2018, Romania had a large net trade with United Kingdom in the exports of Machines ($1.05B), Transportation ($852M), and Textiles ($483M).

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Bilateral Service Trade

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In 2016, United Kingdom exported services to Romania worth $682M, with Travel ($623M), Transportation ($36.4M), and Government services, n.i.e. ($22.9M) being the largest in terms of value.

In 2016, Romania exported services to United Kingdom worth $1.09B, with Other business services ($351M), Computer and information services ($319M), and Transportation ($204M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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