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2022
Flag → Flag
Exports $3.1BRnk 9 / 196
2022
Flag → Flag
Top Product $309MCars
2022
Flag → Flag
Exports $1.24BRnk 45 / 224
2022
Flag → Flag
Top Product $110MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Romania-United Kingdom Trade: In 2022, Romania exported $3.1B to United Kingdom. The main products that Romania exported to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). Over the past 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 1.35%, from $2.9B in 2017 to $3.1B in 2022.

In 2020, Romania exported services to United Kingdom worth $2.27B, with Computer and information services ($915M), Other business services ($622M), and Travel ($340M) being the largest in terms of value.

United Kingdom-Romania Trade: In 2022, United Kingdom exported $1.24B to Romania. The main products that United Kingdom exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). Over the past 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 6.54%,  from $1.74B in 2017 to $1.24B in 2022.

In 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $3.1B to United Kingdom. The main products exported from Romania to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). During the last 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 1.35%, from $2.9B in 2017 to $3.1B in 2022.

In 2017, United Kingdom exported $1.24B to Romania. The main products exported from United Kingdom to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). During the last 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 6.54%, from $1.74B in 2022 to $1.24B in 2017.

Exports from Romania (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and United Kingdom (Flag)

Romania Exports

United Kingdom Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$18.8B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Romania than United Kingdom included Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

In 2022, countries that imported more from United Kingdom than Romania included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - United Kingdom

Flow
Scale

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

During 2022, Romania had a large net trade with United Kingdom in the exports of Machines ($1.08B), Transportation ($580M), and Textiles ($237M).

During 2017, United Kingdom had a large net trade with Romania in the exports of Machines ($355M), Transportation ($196M), and Textiles ($138M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania United Kingdom+$199MCars
Top Product Potential United Kingdom Romania+$74.6MCars

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 United Kingdom worth $2.27B, with Computer and information services ($915M), Other business services ($622M), and Travel ($340M) being the largest in terms of value.

In 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Romania (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and United Kingdom (Flag) (2022)

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