2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
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 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Romania-Norway Trade: In 2023, Romania exported $607M to Norway. The main products that Romania exported to Norway were Iron Structures ($91M), Other Sea Vessels ($66.5M), and Fishing Ships ($62.2M). Over the past 5 years the exports of Romania to Norway have decreased at an annualized rate of 8.19%, from $931M in 2018 to $607M in 2023.

In 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) being the largest in terms of value.

Norway-Romania Trade: In 2023, Norway exported $389M to Romania. The main products that Norway exported to Romania were Crude Petroleum ($176M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Non-fillet Fresh Fish ($24.4M). Over the past 5 years the exports of Norway to Romania have increased at an annualized rate of 34%,  from $90.2M in 2018 to $389M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $607M to Norway. The main products exported from Romania to Norway were Iron Structures ($91M), Other Sea Vessels ($66.5M), and Fishing Ships ($62.2M). During the last 5 years the exports of Romania to Norway have decreased at an annualized rate of 8.19%, from $931M in 2018 to $607M in 2023.

In 2018, Norway exported $389M to Romania. The main products exported from Norway to Romania were Crude Petroleum ($176M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Non-fillet Fresh Fish ($24.4M). During the last 5 years the exports of Norway to Romania have increased at an annualized rate of 34%, from $90.2M in 2023 to $389M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Norway (Flag)

Romania Exports

Norway Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Romania than Norway included Italy ($10.2B), Hungary ($4.22B), and Bulgaria ($4.03B).

In 2023, countries that imported more from Norway than Romania included United Kingdom ($32.6B), Sweden ($15.9B), and Germany ($33.8B).

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

Comparative Advantage Romania - Norway

Flow
Scale

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

During 2023, Romania had a large net trade with Norway in the exports of Transportation ($178M), Machines ($139M), and Metals ($113M).

During 2018, Norway had a large net trade with Romania in the exports of Mineral Products ($176M), Machines ($72.2M), and Metals ($39.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Norway+$12.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Norway Romania+$69MCrude 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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Economic Complexity

Competitive Landscape

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

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

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