2022
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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
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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GDP PC 
$15,892CURRENT US$
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GDP PC GROWTH
77.9%CURRENT US$
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GDP PC
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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About

Romania-Greece Trade: In 2022, Romania exported $1.08B to Greece. The main products that Romania exported to Greece were Insulated Wire ($49.8M), Scrap Iron ($39.2M), and Rolled Tobacco ($38.5M). Over the past 5 years the exports of Romania to Greece have increased at an annualized rate of 1.64%, from $996M in 2017 to $1.08B in 2022.

In 2020, Romania exported services to Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

Greece-Romania Trade: In 2022, Greece exported $1.82B to Romania. The main products that Greece exported to Romania were Other toys ($114M), Copper Wire ($113M), and Hot-Rolled Iron Bars ($112M). Over the past 5 years the exports of Greece to Romania have increased at an annualized rate of 13%,  from $988M in 2017 to $1.82B in 2022.

In 2020, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $1.08B to Greece. The main products exported from Romania to Greece were Insulated Wire ($49.8M), Scrap Iron ($39.2M), and Rolled Tobacco ($38.5M). During the last 5 years the exports of Romania to Greece have increased at an annualized rate of 1.64%, from $996M in 2017 to $1.08B in 2022.

In 2017, Greece exported $1.82B to Romania. The main products exported from Greece to Romania were Other toys ($114M), Copper Wire ($113M), and Hot-Rolled Iron Bars ($112M). During the last 5 years the exports of Greece to Romania have increased at an annualized rate of 13%, from $988M in 2022 to $1.82B in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Greece (Flag)

Romania Exports

Greece Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Greece
Top Destination
Italy$5.82B

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

In 2022, countries that imported more from Romania than Greece included Germany ($18.8B), Hungary ($6.75B), and France ($5.73B).

In 2022, countries that imported more from Greece than Romania included Cyprus ($2.92B), Libya ($1.95B), and Lebanon ($1.78B).

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

Comparative Advantage Romania - Greece

Flow
Scale

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

During 2022, Romania had a large net trade with Greece in the exports of Metals ($150M), Machines ($142M), and Foodstuffs ($115M).

During 2017, Greece had a large net trade with Romania in the exports of Metals ($449M), Chemical Products ($234M), and Vegetable Products ($201M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Greece+$33MCars
Top Product Potential Greece Romania+$56MRefined Petroleum

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 Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

In 2020, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Greece (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 Greece. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Romania.

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

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