Romania (ROU) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Romania-Italy Trade: In 2023, Romania exported $10.2B to Italy. The main products that Romania exported to Italy were Cars ($1.29B), Telephones ($447M), and Electric Heaters ($365M). Over the past 5 years the exports of Romania to Italy have increased at an annualized rate of 3.55%, from $8.6B in 2018 to $10.2B in 2023.

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

Italy-Romania Trade: In 2023, Italy exported $11.3B to Romania. The main products that Italy exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($332M), Refined Petroleum ($328M), and Coated Flat-Rolled Iron ($213M). Over the past 5 years the exports of Italy to Romania have increased at an annualized rate of 4.23%, from $9.17B in 2018 to $11.3B in 2023.

In 2020, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $10.2B to Italy. The main products exported from Romania to Italy were Cars ($1.29B), Telephones ($447M), and Electric Heaters ($365M). During the last 5 years the exports of Romania to Italy have increased at an annualized rate of 3.55%, from $8.6B in 2018 to $10.2B in 2023.

In 2018, Italy exported $11.3B to Romania. The main products exported from Italy to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($332M), Refined Petroleum ($328M), and Coated Flat-Rolled Iron ($213M). During the last 5 years the exports of Italy to Romania have increased at an annualized rate of 4.23%, from $9.17B in 2023 to $11.3B in 2018.

Exports from Romania () to Italy () (2023)

Exports from Italy () to Romania () (2023)

Latest Data

Trade between Romania () and Italy ()

Romania Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Romania than Italy included Moldova ($1.41B), Bulgaria ($4.03B), and Djibouti ($86.1M).

In 2023, countries that imported more from Italy than Romania included United States ($70.9B), France ($61.1B), and Germany ($71.4B).

Difference in imports from Italy () and Romania () (2023)

Comparative Advantage Romania - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Italy in the exports of Machines ($2.48B), Transportation ($1.68B), and Textiles ($1.32B).

During 2018, Italy had a large net trade with Romania in the exports of Machines ($2.96B), Metals ($1.92B), and Textiles ($1.15B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Italy+$158MCars

Top Product Potential Italy Romania+$113MPackaged Medicaments

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

Ita Year

Rou Year

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

In 2020, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Italy () (2020)

Services Exports from Italy () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Italy () (2023)

Exports from Italy () to Romania () (2023)

Latest Data

Trade between Romania () and Italy ()

Romania Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Romania () (2023)

Comparative Advantage Romania - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Italy () (2020)

Services Exports from Italy () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Italy () (2023)

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