United Kingdom (GBR) and Romania (ROU) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Romania (ROU) Trade

2022

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Exports $1.24BRnk 45 / 224

2022

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Top Product $110MMotor vehicles; parts and accessories (8701 to 8705)

2022

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Exports $3.1BRnk 9 / 196

2022

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About

United Kingdom-Romania In 2022, United Kingdom exported $1.24B to Romania. The main products that United Kingdom exported to Romania are Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). During the last 27 years the exports of United Kingdom to Romania have increased at an annualized rate of 5.18%, from $316M in 1995 to $1.24B in 2022.

In 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) being the largest in terms of value.

Romania-United Kingdom In 2022, Romania exported $3.1B to United Kingdom. The main products that Romania exported to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). During the last 27 years the exports of Romania to United Kingdom have increased at an annualized rate of 9.43%, from $272M in 1995 to $3.1B in 2022.

In 2020, Romania exported services to United Kingdom worth $2.27B, with Computer and information services ($915M), Other business services ($622M), and Travel ($340M) being the largest in terms of value.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £91.1M and imported £231M from Romania, resulting in a negative trade balance of £140M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £13.9M (17.9%) from £77.2M to £91.1M, while imports decreased by £-10.5M (-4.33%) from £242M to £231M.

Trade In January 2024, the top exports of United Kingdom to Romania were Motor vehicles; parts and accessories (8701... (£7.5M), Hard Liquor (£4.35M), Engine Parts (£3.31M), Commodities not elsewhere specified (£2.86M), and Cars (£2.72M). In January 2024 the top imports of United Kingdom from Romania were Cars (£101M), Centrifuges (£9.3M), Motor vehicles; parts and accessories (8701... (£9.09M), Railway Freight Cars (£7.21M), and Seats (£6.74M).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£44.2M), Dover (£10.2M), East Midlands Airport (£4.54M), Harwich (£4.14M), and Immingham (£3.79M), while imports destinations were mainly Dover (£72.4M), London (£59.6M), Liverpool (£16.5M), and Eurotunnel (£16.4M).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Romania was explained primarily by an increase in product exports in Motor vehicles; parts and accessories (8701... (£3.97M or 112%), Hard Liquor (£2.79M or 180%), and Engine Parts (£2.58M or 357%). In January 2024, the decrease in United Kingdom's year-by-year imports from Romania was explained primarily by an decrease in product imports in Motor-working Tools (£-3.35M or -79.5%), Electric Heaters (£-2.28M or -94.1%), and Non-Knit Women's Shirts (£-1.67M or -78%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£13.9M(17.9%)

IMPORT GROWTH (January 2023 - January 2024)£-10.5M(-4.33%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£44.2M

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

To check Romania and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $1.24B to Romania. The main products exported from United Kingdom to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). During the last 27 years the exports of United Kingdom to Romania have increased at an annualized rate of 5.18%, from $316M in 1995 to $1.24B in 2022.

In 2022, Romania exported $3.1B to United Kingdom. The main products exported from Romania to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). During the last 27 years the exports of Romania to United Kingdom have increased at an annualized rate of 9.43%, from $272M in 1995 to $3.1B in 2022.

Exports from United Kingdom () to Romania () (2022)

Exports from Romania () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Romania
Top DestinationGermany$18.8B

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 2021, countries that imported more from United Kingdom than Romania were United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2021, countries that imported more from Romania than United Kingdom were Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

Difference in imports from Romania () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Romania in the exports of Machines ($355M), Transportation ($196M), and Textiles ($138M).

During 2022, Romania had a large net trade with United Kingdom in the exports of Machines ($1.08B), Transportation ($580M), and Textiles ($237M).

Service Trade

Bilateral Service Trade

Rou Year

Gbr Year

In 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom () to Romania () (2019)

Services Exports from Romania () to United Kingdom () (2020)

Economic Complexity

Competitive Landscape

Year

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 United Kingdom has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Romania () (2022)

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