Greece (GRC) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Greece-Romania Trade: In 2023, Greece exported $2.09B to Romania. The main products that Greece exported to Romania were Refined Petroleum ($225M), Other toys ($146M), and Petroleum Gas ($129M). Over the past 5 years the exports of Greece to Romania have increased at an annualized rate of 12.9%, from $1.14B in 2018 to $2.09B in 2023.

In 2020, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) being the largest in terms of value.

Romania-Greece Trade: In 2023, Romania exported $1.07B to Greece. The main products that Romania exported to Greece were Insulated Wire ($59.1M), Cars ($40.4M), and Utility Meters ($38.7M). Over the past 5 years the exports of Romania to Greece have decreased at an annualized rate of 1.28%, from $1.14B in 2018 to $1.07B in 2023.

In 2020, Romania exported services to Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $2.09B to Romania. The main products exported from Greece to Romania were Refined Petroleum ($225M), Other toys ($146M), and Petroleum Gas ($129M). During the last 5 years the exports of Greece to Romania have increased at an annualized rate of 12.9%, from $1.14B in 2018 to $2.09B in 2023.

In 2018, Romania exported $1.07B to Greece. The main products exported from Romania to Greece were Insulated Wire ($59.1M), Cars ($40.4M), and Utility Meters ($38.7M). During the last 5 years the exports of Romania to Greece have decreased at an annualized rate of 1.28%, from $1.14B in 2023 to $1.07B in 2018.

Exports from Greece () to Romania () (2023)

Exports from Romania () to Greece () (2023)

Latest Data

Trade between Greece () and Romania ()

Greece Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Greece than Romania included Cyprus ($3.03B), Lebanon ($1.78B), and Libya ($1.71B).

In 2023, countries that imported more from Romania than Greece included Germany ($19.9B), France ($6.5B), and Italy ($10.2B).

Difference in imports from Romania () and Greece () (2023)

Comparative Advantage Greece - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Romania in the exports of Mineral Products ($472M), Metals ($332M), and Vegetable Products ($247M).

During 2018, Romania had a large net trade with Greece in the exports of Machines ($170M), Foodstuffs ($129M), and Animal Products ($108M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Romania+$56MRefined Petroleum

Top Product Potential Romania Greece+$33MCars

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

Rou Year

Grc Year

In 2020, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) being the largest in terms of value.

In 2020, Romania exported services to Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece () to Romania () (2020)

Services Exports from Romania () to Greece () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Romania () (2023)

Exports from Romania () to Greece () (2023)

Latest Data

Trade between Greece () and Romania ()

Greece Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Greece () (2023)

Comparative Advantage Greece - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Greece () to Romania () (2020)

Services Exports from Romania () to Greece () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Greece () and Romania () (2023)

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