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Pricing

2022
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Exports $10.5BRnk 13 / 221
2022
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Top Product $299MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $9.55BRnk 2 / 196
2022
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Top Product $1.12BCars
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.05Rnk 22 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%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 $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%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

Italy-Romania In 2022, Italy exported $10.5B to Romania. The main products that Italy exported to Romania are Motor vehicles; parts and accessories (8701 to 8705) ($299M), Coated Flat-Rolled Iron ($229M), and Large Flat-Rolled Stainless Steel ($213M). During the last 27 years the exports of Italy to Romania have increased at an annualized rate of 7.86%, from $1.36B in 1995 to $10.5B in 2022.

In 2020, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

Romania-Italy In 2022, Romania exported $9.55B to Italy. The main products that Romania exported to Italy were Cars ($1.12B), Leather Footwear ($347M), and Electric Heaters ($318M). During the last 27 years the exports of Romania to Italy have increased at an annualized rate of 7.43%, from $1.38B in 1995 to $9.55B in 2022.

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €695M and imported €666M from Romania, resulting in a positive trade balance of €28.4M. Between December 2022 and December 2023 the exports of Italy have increased by €46.3M (7.14%) from €648M to €695M, while imports decreased by €-65.7M (-8.98%) from €732M to €666M.

Trade In December 2023, the top exports of Italy to Romania were Refined Petroleum (€30.1M), Motor vehicles; parts and accessories (8701... (€26.2M), Footwear Parts (€15.5M), Insulated Wire (€14.4M), and Packaged Medicaments (€13.4M). In December 2023 the top imports of Italy from Romania were Cars (€118M), Telephones (€34.7M), Leather Footwear (€27M), Electric Heaters (€25.7M), and Refined Petroleum (€22.4M).

Growth In December 2023, the increase in Italy's year-by-year exports to Romania was explained primarily by an increase in product exports in Motor vehicles; parts and accessories (8701... (€4.91M or 23.1%), Packaged Medicaments (€4.77M or 55.3%), and Other Iron Products (€3.96M or 45.9%). In December 2023, the decrease in Italy's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Hot-Rolled Iron (€-15.9M or -100%), Plastic Building Materials (€-4.81M or -34.3%), and Rolled Tobacco (€-4.23M or -19.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€46.3M(7.14%)
IMPORT GROWTH (December 2022 - December 2023)€-65.7M(-8.98%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $10.5B to Romania. The main products exported from Italy to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($299M), Coated Flat-Rolled Iron ($229M), and Large Flat-Rolled Stainless Steel ($213M). During the last 27 years the exports of Italy to Romania have increased at an annualized rate of 7.86%, from $1.36B in 1995 to $10.5B in 2022.

In 2022, Romania exported $9.55B to Italy. The main products exported from Romania to Italy were Cars ($1.12B), Leather Footwear ($347M), and Electric Heaters ($318M). During the last 27 years the exports of Romania to Italy have increased at an annualized rate of 7.43%, from $1.38B in 1995 to $9.55B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Romania
Top DestinationGermany$18.8B

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

In 2021, countries that imported more from Italy than Romania were United States ($68.2B), Germany ($78.5B), and France ($63.8B).

In 2021, countries that imported more from Romania than Italy were Moldova ($2.14B), Bulgaria ($3.9B), and Jordan ($1.03B).

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

Comparative Advantage Italy - Romania

Flow
Scale

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

During 2022, Italy had a large net trade with Romania in the exports of Machines ($2.61B), Metals ($1.96B), and Textiles ($1.1B).

During 2022, Romania had a large net trade with Italy in the exports of Machines ($2.11B), Transportation ($1.68B), and Textiles ($1.04B).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

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

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