Italy / Romania

Italy-Romania Trade: In 2022, Italy exported $8.22B to Romania. The main products that Italy exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($299M), Coated Flat-Rolled Iron ($229M), and Large Flat-Rolled Stainless Steel ($213M). Over the past 5 years the exports of Italy to Romania have increased at an annualized rate of 43.3%, from $1.36B in 2017 to $8.22B 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 Trade: In 2022, Romania exported $7.57B to Italy. The main products that Romania exported to Italy were Cars ($1.12B), Leather Footwear ($347M), and Electric Heaters ($318M). Over the past 5 years the exports of Romania to Italy have increased at an annualized rate of 40.5%,  from $1.38B in 2017 to $7.57B 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 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).