2022
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GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
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 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
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GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
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About

Romania-Australia Trade: In 2022, Romania exported $189M to Australia. The main products that Romania exported to Australia were Cars ($41.4M), Lifting Machinery ($11.2M), and Particle Board ($10.8M). Over the past 5 years the exports of Romania to Australia have increased at an annualized rate of 9.64%, from $119M in 2017 to $189M in 2022.

In 2020, Romania exported services to Australia worth $53.5M, with Computer and information services ($28.9M), Transportation ($10.6M), and Other business services ($9.25M) being the largest in terms of value.

Australia-Romania Trade: In 2022, Australia exported $21.5M to Romania. The main products that Australia exported to Romania were Broadcasting Equipment ($8.4M), Uncoated Paper ($3.18M), and Newsprint ($1.87M). Over the past 5 years the exports of Australia to Romania have decreased at an annualized rate of 19%,  from $61.6M in 2017 to $21.5M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $189M to Australia. The main products exported from Romania to Australia were Cars ($41.4M), Lifting Machinery ($11.2M), and Particle Board ($10.8M). During the last 5 years the exports of Romania to Australia have increased at an annualized rate of 9.64%, from $119M in 2017 to $189M in 2022.

In 2017, Australia exported $21.5M to Romania. The main products exported from Australia to Romania were Broadcasting Equipment ($8.4M), Uncoated Paper ($3.18M), and Newsprint ($1.87M). During the last 5 years the exports of Australia to Romania have decreased at an annualized rate of 19%, from $61.6M in 2022 to $21.5M in 2017.

Exports from Romania (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Australia (Flag)

Romania Exports

Australia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Australia
Top Destination
China$123B

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

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

In 2022, countries that imported more from Australia than Romania included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Australia

Flow
Scale

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

During 2022, Romania had a large net trade with Australia in the exports of Machines ($65M), Transportation ($46.1M), and Wood Products ($14.2M).

During 2017, Australia had a large net trade with Romania in the exports of Machines ($10.7M), Paper Goods ($5.08M), and Metals ($1.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Australia+$48.2MCars
Top Product Potential Australia Romania+$4.41MTelephones

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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Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and Australia (Flag) (2022)

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