2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
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 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
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GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Romania-Sweden Trade: In 2022, Romania exported $594M to Sweden. The main products that Romania exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($71.5M), Prefabricated Buildings ($44M), and Wood Carpentry ($37.3M). Over the past 5 years the exports of Romania to Sweden have increased at an annualized rate of 68.3%, from $44M in 2017 to $594M in 2022.

In 2020, Romania exported services to Sweden worth $420M, with Other business services ($174M), Computer and information services ($99.7M), and Transportation ($87.8M) being the largest in terms of value.

Sweden-Romania Trade: In 2022, Sweden exported $407M to Romania. The main products that Sweden exported to Romania were Cars ($46.1M), Broadcasting Equipment ($29.4M), and Rough Wood ($29M). Over the past 5 years the exports of Sweden to Romania have increased at an annualized rate of 39.2%,  from $77.8M in 2017 to $407M in 2022.

In 2020, Sweden exported services to Romania worth $151M, with Other business services ($29.8M), Royalties and license fees ($28.6M), and Computer and information services ($28M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $594M to Sweden. The main products exported from Romania to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($71.5M), Prefabricated Buildings ($44M), and Wood Carpentry ($37.3M). During the last 5 years the exports of Romania to Sweden have increased at an annualized rate of 68.3%, from $44M in 2017 to $594M in 2022.

In 2017, Sweden exported $407M to Romania. The main products exported from Sweden to Romania were Cars ($46.1M), Broadcasting Equipment ($29.4M), and Rough Wood ($29M). During the last 22 years the exports of Sweden to Romania have increased at an annualized rate of 39.2%, from $77.8M in 1995 to $407M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Sweden (Flag)

Romania Exports

Sweden Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Romania than Sweden included Hungary ($6.75B), Bulgaria ($3.9B), and Italy ($9.55B).

In 2022, countries that imported more from Sweden than Romania included Norway ($18.7B), United States ($17.8B), and Denmark ($14.6B).

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

Comparative Advantage Romania - Sweden

Flow
Scale

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

During 2022, Romania had a large net trade with Sweden in the exports of Machines ($183M), Transportation ($118M), and Metals ($110M).

During 2017, Sweden had a large net trade with Romania in the exports of Machines ($194M), Metals ($108M), and Transportation ($103M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Sweden+$53MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Sweden Romania+$44.2MCars

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

In 2020, Romania exported services to Sweden worth $420M, with Other business services ($174M), Computer and information services ($99.7M), and Transportation ($87.8M) being the largest in terms of value.

In 2020, Sweden exported services to Romania worth $151M, with Other business services ($29.8M), Royalties and license fees ($28.6M), and Computer and information services ($28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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