2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
 GDP
$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
Flag
GDP PC
$12,614CURRENT US$
Rnk 80 / 196
2013-2023
Flag
GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195

About

Romania-China Trade: In 2023, Romania exported $1.88B to China. The main products that Romania exported to China were Motor vehicles; parts and accessories (8701 to 8705) ($156M), Ball Bearings ($137M), and Non-Knit Men's Coats ($103M). Over the past 5 years the exports of Romania to China have increased at an annualized rate of 3.75%, from $1.56B in 2018 to $1.88B in 2023.

In 2020, Romania exported services to China worth $84M, with Transportation ($38.9M), Other business services ($20.3M), and Computer and information services ($16.6M) being the largest in terms of value.

China-Romania Trade: In 2023, China exported $7.45B to Romania. The main products that China exported to Romania were Broadcasting Equipment ($359M), Printed Circuit Boards ($295M), and Computers ($214M). Over the past 5 years the exports of China to Romania have increased at an annualized rate of 6.65%,  from $5.4B in 2018 to $7.45B in 2023.

In 2023, China did not export any services to Romania.

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $1.88B to China. The main products exported from Romania to China were Motor vehicles; parts and accessories (8701 to 8705) ($156M), Ball Bearings ($137M), and Non-Knit Men's Coats ($103M). During the last 5 years the exports of Romania to China have increased at an annualized rate of 3.75%, from $1.56B in 2018 to $1.88B in 2023.

In 2018, China exported $7.45B to Romania. The main products exported from China to Romania were Broadcasting Equipment ($359M), Printed Circuit Boards ($295M), and Computers ($214M). During the last 5 years the exports of China to Romania have increased at an annualized rate of 6.65%, from $5.4B in 2023 to $7.45B in 2018.

Exports from Romania (Flag) to China (Flag) (2023)

Exports from China (Flag) to Romania (Flag) (2023)

Latest Data

Trade between Romania (Flag) and China (Flag)

Romania Exports

China Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
China
Top Destination
United States$436B

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

In 2023, countries that imported more from Romania than China included Bulgaria ($4.03B), Moldova ($1.41B), and Gibraltar ($140M).

In 2023, countries that imported more from China than Romania included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China (Flag) and Romania (Flag) (2023)

Comparative Advantage Romania - China

Flow
Scale

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

During 2023, Romania had a large net trade with China in the exports of Machines ($719M), Textiles ($228M), and Wood Products ($183M).

During 2018, China had a large net trade with Romania in the exports of Machines ($3.86B), Metals ($736M), and Miscellaneous ($452M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania China+$158MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential China Romania+$297MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and China (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with