Portugal (PRT) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Portugal-Romania In 2022, Portugal exported $616M to Romania. The main products that Portugal exported to Romania are Motor vehicles; parts and accessories (8701 to 8705) ($114M), Insulated Wire ($42.5M), and Revolution Counters ($39.1M). During the last 27 years the exports of Portugal to Romania have increased at an annualized rate of 19.5%, from $4.97M in 1995 to $616M in 2022.

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

Romania-Portugal In 2022, Romania exported $551M to Portugal. The main products that Romania exported to Portugal were Sunflower Seeds ($104M), Cars ($84.1M), and Corn ($75.9M). During the last 27 years the exports of Romania to Portugal have increased at an annualized rate of 15.9%, from $10.3M in 1995 to $551M in 2022.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €45.5M and imported €40.8M from Romania, resulting in a positive trade balance of €4.78M. Between February 2023 and February 2024 the exports of Portugal have decreased by €-1.94M (-4.09%) from €47.5M to €45.5M, while imports increased by €2.06M (5.31%) from €38.7M to €40.8M.

Trade In February 2024, the top exports of Portugal to Romania were Electrical machinery and electronics (€10.2M), Cars, tractors, trucks & parts thereof. (€9.4M), Machinery, mechanical appliances, & parts (€4.94M), Optical, photo, & film equipment; medical... (€4.79M), and Coated, covered, & laminated fabrics for... (€2.36M). In February 2024 the top imports of Portugal from Romania were Cars, tractors, trucks & parts thereof. (€6.79M), Electrical machinery and electronics (€3.59M), Furniture, bedding, lamps, & prefab buildings (€2.57M), Machinery, mechanical appliances, & parts (€2.05M), and Plastics & articles thereof (€1.33M).

Growth In February 2024, the decrease in Portugal's year-by-year exports to Romania was explained primarily by an decrease in product exports in Wool & animal hair (€-683k or -48.6%), Beverages, spirits, & vinegar (€-153k or -73.9%), and Miscellaneous metal products (€-124k or -26%). In February 2024, the increase in Portugal's year-by-year imports from Romania was explained primarily by an increase in product imports in Cars, tractors, trucks & parts thereof. (€2.5M or 58.4%), Electrical machinery and electronics (€1.74M or 94.2%), and Furniture, bedding, lamps, & prefab buildings (€1.43M or 126%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-1.94M(-4.09%)

IMPORT GROWTH (February 2023 - February 2024)€2.06M(5.31%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Romania and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $616M to Romania. The main products exported from Portugal to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($114M), Insulated Wire ($42.5M), and Revolution Counters ($39.1M). During the last 27 years the exports of Portugal to Romania have increased at an annualized rate of 19.5%, from $4.97M in 1995 to $616M in 2022.

In 2022, Romania exported $551M to Portugal. The main products exported from Romania to Portugal were Sunflower Seeds ($104M), Cars ($84.1M), and Corn ($75.9M). During the last 27 years the exports of Romania to Portugal have increased at an annualized rate of 15.9%, from $10.3M in 1995 to $551M in 2022.

Exports from Portugal () to Romania () (2022)

Exports from Romania () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Romania
Top DestinationGermany$18.8B

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

In 2021, countries that imported more from Portugal than Romania were Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2021, countries that imported more from Romania than Portugal were Germany ($18.8B), Hungary ($6.75B), and Italy ($9.55B).

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

Comparative Advantage Portugal - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Romania in the exports of Machines ($186M), Transportation ($161M), and Textiles ($80M).

During 2022, Romania had a large net trade with Portugal in the exports of Vegetable Products ($196M), Transportation ($130M), and Machines ($87.9M).

Service Trade

Bilateral Service Trade

Rou Year

Prt Year

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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 Portugal has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Romania () (2022)

Exports from Romania () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Romania

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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