2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
 GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$3,499CURRENT US$
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2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
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About

Romania-Philippines Trade: In 2022, Romania exported $18.4M to Philippines. The main products that Romania exported to Philippines were Sawn Wood ($6.27M), Plywood ($1.48M), and Electric Heaters ($996k). Over the past 5 years the exports of Romania to Philippines have increased at an annualized rate of 9.99%, from $11.4M in 2017 to $18.4M in 2022.

In 2020, Romania exported services to Philippines worth $5.94M, with Computer and information services ($2.4M), Other business services ($2.17M), and Transportation ($685k) being the largest in terms of value.

Philippines-Romania Trade: In 2022, Philippines exported $67.7M to Romania. The main products that Philippines exported to Romania were Integrated Circuits ($44.5M), Low-voltage Protection Equipment ($2.97M), and Other Measuring Instruments ($2.58M). Over the past 5 years the exports of Philippines to Romania have increased at an annualized rate of 11.2%,  from $35.9M in 2017 to $67.7M in 2022.

In 2022, Philippines did not export any services to Romania.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $18.4M to Philippines. The main products exported from Romania to Philippines were Sawn Wood ($6.27M), Plywood ($1.48M), and Electric Heaters ($996k). During the last 5 years the exports of Romania to Philippines have increased at an annualized rate of 9.99%, from $11.4M in 2017 to $18.4M in 2022.

In 2017, Philippines exported $67.7M to Romania. The main products exported from Philippines to Romania were Integrated Circuits ($44.5M), Low-voltage Protection Equipment ($2.97M), and Other Measuring Instruments ($2.58M). During the last 5 years the exports of Philippines to Romania have increased at an annualized rate of 11.2%, from $35.9M in 2022 to $67.7M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Philippines (Flag)

Romania Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Philippines
Top Destination
United States$15.5B

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

In 2022, countries that imported more from Romania than Philippines included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Philippines than Romania included China ($15.3B), Hong Kong ($12.6B), and United States ($15.5B).

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

Comparative Advantage Romania - Philippines

Flow
Scale

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

During 2022, Romania had a large net trade with Philippines in the exports of Wood Products ($8.67M), Machines ($4.29M), and Metals ($974k).

During 2017, Philippines had a large net trade with Romania in the exports of Machines ($55M), Instruments ($5.5M), and Foodstuffs ($3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Philippines+$2.55MSawn Wood
Top Product Potential Philippines Romania+$53MIntegrated Circuits

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 Philippines. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Romania.

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

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