Flag Italy / Romania Flag

2020
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Exports
: $7.81B, Rnk 14 / 213

2020
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Top Product
: $202M, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Exports
: $7.45B, Rnk 2 / 194

2020
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Top Product
: $1.12B, Cars

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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Economic Complexity (ECI)
: ECI 1.01, Rnk 26 / 127

2020
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GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
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 GDP
: $249B, CURRENT US$
Rnk 45 / 195

2010-2020
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GDP GROWTH
: 49.5%, CURRENT US$
Rnk 58 / 195

2020
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GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
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GDP PC
: $12,896, CURRENT US$
Rnk 62 / 195

2010-2020
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GDP PC GROWTH
: 57%, CURRENT US$
Rnk 25 / 195

Italy-Romania In 2020, Italy exported $7.81B to Romania. The main products that Italy exported to Romania are Motor vehicles; parts and accessories (8701 to 8705) ($202M), Tanned Equine and Bovine Hides ($167M), and Footwear Parts ($150M). During the last 25 years the exports of Italy to Romania have increased at an annualized rate of 7.25%, from $1.36B in 1995 to $7.81B in 2020.

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 2020, Romania exported $7.45B to Italy. The main products that Romania exported to Italy were Cars ($1.12B), Rolled Tobacco ($400M), and Electric Heaters ($262M). During the last 25 years the exports of Romania to Italy have increased at an annualized rate of 6.97%, from $1.38B in 1995 to $7.45B in 2020.

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 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.01), and 41 in total exports ($73B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Italy exported $7.81B to Romania. The main products exported from Italy to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($202M), Tanned Equine and Bovine Hides ($167M), and Footwear Parts ($150M). During the last 25 years the exports of Italy to Romania have increased at an annualized rate of 7.25%, from $1.36B in 1995 to $7.81B in 2020.

In 2020, Romania exported $7.45B to Italy. The main products exported from Romania to Italy were Cars ($1.12B), Rolled Tobacco ($400M), and Electric Heaters ($262M). During the last 25 years the exports of Romania to Italy have increased at an annualized rate of 6.97%, from $1.38B in 1995 to $7.45B in 2020.

Romania Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $62.1B

Romania
Top Destination
: Germany, $15.9B

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 2019, countries that imported more from Italy than Romania were United States ($47.9B), Germany ($62.1B), and France ($49.5B).

In 2019, countries that imported more from Romania than Italy were Moldova ($1.03B), Bulgaria ($2.59B), and Liberia ($45.3M).

Comparative Advantage Italy - Romania

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Flow

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

During 2020, Italy had a large net trade with Romania in the exports of Machines ($2.1B), Metals ($1.23B), and Textiles ($921M).

During 2020, Romania had a large net trade with Italy in the exports of Machines ($1.67B), Transportation ($1.34B), and Textiles ($1.01B).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.