Mexico (MEX) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Mexico-Romania Trade: In 2022, Mexico exported $77.9M to Romania. The main products that Mexico exported to Romania were Iron Pipes ($13.6M), Spark-Ignition Engines ($11M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.06M). Over the past 5 years the exports of Mexico to Romania have decreased at an annualized rate of 8.66%, from $123M in 2017 to $77.9M in 2022.

In 2022, Mexico did not export any services to Romania.

Romania-Mexico Trade: In 2022, Romania exported $346M to Mexico. The main products that Romania exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($48.9M), Iron Pipes ($28.1M), and Electrical Control Boards ($17.9M). Over the past 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.29%, from $255M in 2017 to $346M in 2022.

In 2020, Romania exported services to Mexico worth $12.2M, with Transportation ($4.91M), Computer and information services ($3.31M), and Other business services ($3.08M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $77.9M to Romania. The main products exported from Mexico to Romania were Iron Pipes ($13.6M), Spark-Ignition Engines ($11M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.06M). During the last 5 years the exports of Mexico to Romania have decreased at an annualized rate of 8.66%, from $123M in 2017 to $77.9M in 2022.

In 2017, Romania exported $346M to Mexico. The main products exported from Romania to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($48.9M), Iron Pipes ($28.1M), and Electrical Control Boards ($17.9M). During the last 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.29%, from $255M in 2022 to $346M in 2017.

Exports from Mexico () to Romania () (2022)

Exports from Romania () to Mexico () (2022)

Latest Data

Trade between Mexico () and Romania ()

Mexico Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Mexico than Romania included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Difference in imports from Romania () and Mexico () (2022)

Comparative Advantage Mexico - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Romania in the exports of Machines ($32.9M), Metals ($18.1M), and Transportation ($11.6M).

During 2017, Romania had a large net trade with Mexico in the exports of Machines ($150M), Metals ($53.4M), and Transportation ($49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Romania+$23.4MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Romania Mexico+$72.4MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

Rou Year

In 2020, Romania exported services to Mexico worth $12.2M, with Transportation ($4.91M), Computer and information services ($3.31M), and Other business services ($3.08M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Romania () (2022)

Exports from Romania () to Mexico () (2022)

Latest Data

Trade between Mexico () and Romania ()

Mexico Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Mexico () (2022)

Comparative Advantage Mexico - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Romania () (2022)

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