2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Romania-Singapore Trade: In 2022, Romania exported $172M to Singapore. The main products that Romania exported to Singapore were Gas Turbines ($72.9M), Ball Bearings ($7.72M), and Rubber Tires ($7.15M). Over the past 5 years the exports of Romania to Singapore have increased at an annualized rate of 21.1%, from $65.9M in 2017 to $172M in 2022.

In 2020, Romania exported services to Singapore worth $247M, with Computer and information services ($212M), Other business services ($25.5M), and Transportation ($3.54M) being the largest in terms of value.

Singapore-Romania Trade: In 2022, Singapore exported $151M to Romania. The main products that Singapore exported to Romania were Integrated Circuits ($82.4M), Broadcasting Equipment ($7.6M), and Uncoated Paper ($5.74M). Over the past 5 years the exports of Singapore to Romania have increased at an annualized rate of 20.4%,  from $59.6M in 2017 to $151M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $172M to Singapore. The main products exported from Romania to Singapore were Gas Turbines ($72.9M), Ball Bearings ($7.72M), and Rubber Tires ($7.15M). During the last 5 years the exports of Romania to Singapore have increased at an annualized rate of 21.1%, from $65.9M in 2017 to $172M in 2022.

In 2017, Singapore exported $151M to Romania. The main products exported from Singapore to Romania were Integrated Circuits ($82.4M), Broadcasting Equipment ($7.6M), and Uncoated Paper ($5.74M). During the last 5 years the exports of Singapore to Romania have increased at an annualized rate of 20.4%, from $59.6M in 2022 to $151M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Singapore (Flag)

Romania Exports

Singapore Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Singapore
Top Destination
Hong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Romania included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Romania - Singapore

Flow
Scale

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

During 2022, Romania had a large net trade with Singapore in the exports of Machines ($106M), Mineral Products ($12.8M), and Transportation ($10.5M).

During 2017, Singapore had a large net trade with Romania in the exports of Machines ($126M), Paper Goods ($5.77M), and Instruments ($5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Singapore+$33.2MRefined Petroleum
Top Product Potential Singapore Romania+$75.8MIntegrated 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with