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2023
Flag → Flag
Exports $58.7MRnk 75 / 168
2023
Flag → Flag
Top Product $21.6MSoybean Meal
2023
Flag → Flag
Exports $118MRnk 64 / 199
2023
Flag → Flag
Top Product $29.3MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
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GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195
2023
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GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Argentina-Romania Trade: In 2023, Argentina exported $58.7M to Romania. The main products that Argentina exported to Romania were Soybean Meal ($21.6M), Iron Pipes ($10.6M), and Raw Tobacco ($7.04M). Over the past 5 years the exports of Argentina to Romania have decreased at an annualized rate of 0.11%, from $59M in 2018 to $58.7M in 2023.

In 2023, Argentina did not export any services to Romania.

Romania-Argentina Trade: In 2023, Romania exported $118M to Argentina. The main products that Romania exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($29.3M), Electrical Lighting and Signalling Equipment ($12.7M), and Air Pumps ($5.53M). Over the past 5 years the exports of Romania to Argentina have increased at an annualized rate of 0.41%,  from $116M in 2018 to $118M in 2023.

In 2020, Romania exported services to Argentina worth $2.06M, with Other business services ($1.14M), Computer and information services ($457k), and Transportation ($228k) being the largest in terms of value.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $58.7M to Romania. The main products exported from Argentina to Romania were Soybean Meal ($21.6M), Iron Pipes ($10.6M), and Raw Tobacco ($7.04M). During the last 5 years the exports of Argentina to Romania have decreased at an annualized rate of 0.11%, from $59M in 2018 to $58.7M in 2023.

In 2018, Romania exported $118M to Argentina. The main products exported from Romania to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($29.3M), Electrical Lighting and Signalling Equipment ($12.7M), and Air Pumps ($5.53M). During the last 5 years the exports of Romania to Argentina have increased at an annualized rate of 0.41%, from $116M in 2023 to $118M in 2018.

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

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

Latest Data

Trade between Argentina (Flag) and Romania (Flag)

Argentina Exports

Romania Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Argentina than Romania included Brazil ($12.1B), Chile ($5.57B), and China ($5.36B).

In 2023, countries that imported more from Romania than Argentina included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Argentina - Romania

Flow
Scale

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

During 2023, Argentina had a large net trade with Romania in the exports of Foodstuffs ($29.1M), Metals ($10.8M), and Vegetable Products ($9.24M).

During 2018, Romania had a large net trade with Argentina in the exports of Machines ($50M), Transportation ($29.6M), and Instruments ($13.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Romania+$3.28MSoybean Meal
Top Product Potential Romania Argentina+$20MMotor vehicles; parts and accessories (8701 to 8705)

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 Argentina worth $2.06M, with Other business services ($1.14M), Computer and information services ($457k), and Transportation ($228k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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