New Zealand (NZL) and Romania (ROU) Trade | The Observatory of Economic Complexity

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New Zealand-Romania Trade: In 2023, New Zealand exported $14.7M to Romania. The main products that New Zealand exported to Romania were Tanned Equine and Bovine Hides ($5.29M), Raw Aluminium ($2.64M), and Wool ($2.33M). Over the past 5 years the exports of New Zealand to Romania have increased at an annualized rate of 18.9%, from $6.2M in 2018 to $14.7M in 2023.

In 2023, New Zealand did not export any services to Romania.

Romania-New Zealand Trade: In 2023, Romania exported $78.5M to New Zealand. The main products that Romania exported to New Zealand were Cars ($28.6M), Corn ($9.02M), and Seed Oils ($3.86M). Over the past 5 years the exports of Romania to New Zealand have increased at an annualized rate of 6.29%, from $57.9M in 2018 to $78.5M in 2023.

In 2020, Romania exported services to New Zealand worth $3.77M, with Computer and information services ($2.4M), Other business services ($685k), and Travel ($457k) being the largest in terms of value.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $14.7M to Romania. The main products exported from New Zealand to Romania were Tanned Equine and Bovine Hides ($5.29M), Raw Aluminium ($2.64M), and Wool ($2.33M). During the last 5 years the exports of New Zealand to Romania have increased at an annualized rate of 18.9%, from $6.2M in 2018 to $14.7M in 2023.

In 2018, Romania exported $78.5M to New Zealand. The main products exported from Romania to New Zealand were Cars ($28.6M), Corn ($9.02M), and Seed Oils ($3.86M). During the last 5 years the exports of Romania to New Zealand have increased at an annualized rate of 6.29%, from $57.9M in 2023 to $78.5M in 2018.

Exports from New Zealand () to Romania () (2023)

Exports from Romania () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Romania ()

New Zealand Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from New Zealand than Romania included China ($12.3B), Australia ($5.2B), and United States ($5.42B).

In 2023, countries that imported more from Romania than New Zealand included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania () and New Zealand () (2023)

Comparative Advantage New Zealand - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Romania in the exports of Animal Hides ($5.3M), Metals ($2.66M), and Textiles ($2.35M).

During 2018, Romania had a large net trade with New Zealand in the exports of Transportation ($30.2M), Machines ($18.6M), and Vegetable Products ($9.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Romania+$2.02MRaw Aluminium

Top Product Potential Romania New Zealand+$11.7MCars

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 New Zealand worth $3.77M, with Computer and information services ($2.4M), Other business services ($685k), and Travel ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Romania () (2023)

Exports from Romania () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Romania ()

New Zealand Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and New Zealand () (2023)

Comparative Advantage New Zealand - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Romania () (2023)

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