2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$2.14TCURRENT US$
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2012-2022
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GDP GROWTH
17%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$54,966CURRENT US$
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2012-2022
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GDP PC GROWTH
4.36%CURRENT US$
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About

Romania-Canada Trade: In 2022, Romania exported $440M to Canada. The main products that Romania exported to Canada were Passenger and Cargo Ships ($71.3M), Rubber Tires ($34.5M), and Iron Pipes ($30.5M). Over the past 5 years the exports of Romania to Canada have increased at an annualized rate of 4.35%, from $356M in 2017 to $440M in 2022.

In 2020, Romania exported services to Canada worth $149M, with Computer and information services ($66.1M), Other business services ($36.1M), and Transportation ($25M) being the largest in terms of value.

Canada-Romania Trade: In 2022, Canada exported $75M to Romania. The main products that Canada exported to Romania were Spark-Ignition Engines ($6.67M), Liquid Pumps ($3.63M), and Non-fillet Frozen Fish ($3.46M). Over the past 5 years the exports of Canada to Romania have decreased at an annualized rate of 9.28%,  from $122M in 2017 to $75M in 2022.

In 2020, Canada exported services to Romania worth $17.9M, with Royalties and license fees ($12.7M), Computer and information services ($2.98M), and Communications services ($2.24M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $440M to Canada. The main products exported from Romania to Canada were Passenger and Cargo Ships ($71.3M), Rubber Tires ($34.5M), and Iron Pipes ($30.5M). During the last 5 years the exports of Romania to Canada have increased at an annualized rate of 4.35%, from $356M in 2017 to $440M in 2022.

In 2017, Canada exported $75M to Romania. The main products exported from Canada to Romania were Spark-Ignition Engines ($6.67M), Liquid Pumps ($3.63M), and Non-fillet Frozen Fish ($3.46M). During the last 5 years the exports of Canada to Romania have decreased at an annualized rate of 9.28%, from $122M in 2022 to $75M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Canada (Flag)

Romania Exports

Canada Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Canada
Top Destination
United States$438B

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

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

In 2022, countries that imported more from Canada than Romania included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Romania - Canada

Flow
Scale

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

During 2022, Romania had a large net trade with Canada in the exports of Machines ($115M), Transportation ($111M), and Metals ($54.4M).

During 2017, Canada had a large net trade with Romania in the exports of Machines ($38.3M), Metals ($5.73M), and Foodstuffs ($5.42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Canada+$26.8MInsulated Wire
Top Product Potential Canada Romania+$8.3MCars

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

In 2020, Romania exported services to Canada worth $149M, with Computer and information services ($66.1M), Other business services ($36.1M), and Transportation ($25M) being the largest in terms of value.

In 2020, Canada exported services to Romania worth $17.9M, with Royalties and license fees ($12.7M), Computer and information services ($2.98M), and Communications services ($2.24M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to Canada (Flag) (2020)

Services Exports from Canada (Flag) to Romania (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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