2022
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GDP
$522BCURRENT US$
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2012-2022
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GDP GROWTH
99%CURRENT US$
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2022
Flag
 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
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GDP PC GROWTH
64.9%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 GROWTH
77.9%CURRENT US$
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About

Israel-Romania Trade: In 2022, Israel exported $194M to Romania. The main products that Israel exported to Romania were Refined Petroleum ($33M), Pesticides ($27.9M), and Cleaning Products ($11.7M). Over the past 5 years the exports of Israel to Romania have increased at an annualized rate of 4.55%, from $155M in 2017 to $194M in 2022.

In 2012, Israel exported services to Romania worth $67.6M, with Computer and information services ($67.6M) being the largest in terms of value.

Romania-Israel Trade: In 2022, Romania exported $773M to Israel. The main products that Romania exported to Israel were Refined Petroleum ($220M), Bovine ($64.5M), and Other Vegetable Residues ($61.9M). Over the past 5 years the exports of Romania to Israel have increased at an annualized rate of 16.7%,  from $357M in 2017 to $773M in 2022.

In 2011, Romania exported services to Israel worth $161M, with Services not allocated ($79.7M), Travel ($44M), and Other business services ($22M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $194M to Romania. The main products exported from Israel to Romania were Refined Petroleum ($33M), Pesticides ($27.9M), and Cleaning Products ($11.7M). During the last 5 years the exports of Israel to Romania have increased at an annualized rate of 4.55%, from $155M in 2017 to $194M in 2022.

In 2017, Romania exported $773M to Israel. The main products exported from Romania to Israel were Refined Petroleum ($220M), Bovine ($64.5M), and Other Vegetable Residues ($61.9M). During the last 5 years the exports of Romania to Israel have increased at an annualized rate of 16.7%, from $357M in 2022 to $773M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Romania (Flag)

Israel Exports

Romania Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Israel than Romania included United States ($20.3B), Palestine ($4.6B), and China ($5.53B).

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

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

Comparative Advantage Israel - Romania

Flow
Scale

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

During 2022, Israel had a large net trade with Romania in the exports of Chemical Products ($50.9M), Machines ($46.3M), and Mineral Products ($33M).

During 2017, Romania had a large net trade with Israel in the exports of Mineral Products ($220M), Vegetable Products ($92.1M), and Foodstuffs ($77.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Romania+$17.1MRefined Petroleum
Top Product Potential Romania Israel+$31.8MCars

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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Economic Complexity

Competitive Landscape

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

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

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