Italy / Romania

Italy-Romania Trade: In 2023, Italy exported $11.3B to Romania. The main products that Italy exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($332M), Refined Petroleum ($328M), and Coated Flat-Rolled Iron ($213M). Over the past 5 years the exports of Italy to Romania have increased at an annualized rate of 4.23%, from $9.17B in 2018 to $11.3B in 2023.

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 Trade: In 2023, Romania exported $10.2B to Italy. The main products that Romania exported to Italy were Cars ($1.29B), Telephones ($447M), and Electric Heaters ($365M). Over the past 5 years the exports of Romania to Italy have increased at an annualized rate of 3.55%,  from $8.6B in 2018 to $10.2B in 2023.

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 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).