2021
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GDP
$285BCURRENT US$
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2011-2021
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GDP GROWTH
48.2%CURRENT US$
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2021
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 GDP
$2.11TCURRENT US$
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2011-2021
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GDP GROWTH
-7.87%CURRENT US$
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2021
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GDP PC 
$14,927CURRENT US$
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2011-2021
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GDP PC GROWTH
56.1%CURRENT US$
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2021
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GDP PC
$35,770CURRENT US$
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2011-2021
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GDP PC GROWTH
-7.45%CURRENT US$
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About

Romania-Italy In 2021, Romania exported $8.85B to Italy. The main products that Romania exported to Italy are Cars ($1.17B), Electric Heaters ($351M), and Rolled Tobacco ($319M). During the last 26 years the exports of Romania to Italy have increased at an annualized rate of 7.39%, from $1.39B in 1995 to $8.85B in 2021.

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 In 2021, Italy exported $10.1B to Romania. The main products that Italy exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($263M), Coated Flat-Rolled Iron ($217M), and Tanned Equine and Bovine Hides ($198M). During the last 26 years the exports of Italy to Romania have increased at an annualized rate of 8.02%, from $1.36B in 1995 to $10.1B in 2021.

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 2021,  Romania ranked 26 in the Economic Complexity Index (ECI 1.07), and 42 in total exports ($90.8B). That same year, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Romania exported $8.85B to Italy. The main products exported from Romania to Italy were Cars ($1.17B), Electric Heaters ($351M), and Rolled Tobacco ($319M). During the last 26 years the exports of Romania to Italy have increased at an annualized rate of 7.39%, from $1.39B in 1995 to $8.85B in 2021.

In 2021, Italy exported $10.1B to Romania. The main products exported from Italy to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($263M), Coated Flat-Rolled Iron ($217M), and Tanned Equine and Bovine Hides ($198M). During the last 26 years the exports of Italy to Romania have increased at an annualized rate of 8.02%, from $1.36B in 1995 to $10.1B in 2021.

Exports from Romania (Flag) to Italy (Flag) (2021)

Exports from Italy (Flag) to Romania (Flag) (2021)

Latest Data

Trade between Romania (Flag) and Italy (Flag)

Romania Exports

Italy Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$17.7B
Italy
Top Destination
Germany$78.4B

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 2021, countries that imported more from Romania than Italy were Moldova ($1.34B), Bulgaria ($3.45B), and Namibia ($158M).

In 2021, countries that imported more from Italy than Romania were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

Difference in imports from Italy (Flag) and Romania (Flag) (2021)

Comparative Advantage Romania - Italy

Flow
Scale

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

During 2021, Romania had a large net trade with Italy in the exports of Machines ($1.88B), Transportation ($1.46B), and Textiles ($966M).

During 2021, Italy had a large net trade with Romania in the exports of Machines ($2.61B), Metals ($1.76B), and Textiles ($1.09B).

Service Trade

Bilateral Service Trade

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 (Flag) to Italy (Flag) (2020)

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Romania has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Romania.

Product Space of Romania (Flag) and Italy (Flag) (2021)

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