Australia (AUS) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Australia-Romania Trade: In 2022, Australia exported $21.5M to Romania. The main products that Australia exported to Romania were Broadcasting Equipment ($8.4M), Uncoated Paper ($3.18M), and Newsprint ($1.87M). Over the past 5 years the exports of Australia to Romania have decreased at an annualized rate of 19%, from $61.6M in 2017 to $21.5M in 2022.

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

Romania-Australia Trade: In 2022, Romania exported $189M to Australia. The main products that Romania exported to Australia were Cars ($41.4M), Lifting Machinery ($11.2M), and Particle Board ($10.8M). Over the past 5 years the exports of Romania to Australia have increased at an annualized rate of 9.64%, from $119M in 2017 to $189M in 2022.

In 2020, Romania exported services to Australia worth $53.5M, with Computer and information services ($28.9M), Transportation ($10.6M), and Other business services ($9.25M) being the largest in terms of value.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $21.5M to Romania. The main products exported from Australia to Romania were Broadcasting Equipment ($8.4M), Uncoated Paper ($3.18M), and Newsprint ($1.87M). During the last 5 years the exports of Australia to Romania have decreased at an annualized rate of 19%, from $61.6M in 2017 to $21.5M in 2022.

In 2017, Romania exported $189M to Australia. The main products exported from Romania to Australia were Cars ($41.4M), Lifting Machinery ($11.2M), and Particle Board ($10.8M). During the last 5 years the exports of Romania to Australia have increased at an annualized rate of 9.64%, from $119M in 2022 to $189M in 2017.

Exports from Australia () to Romania () (2022)

Exports from Romania () to Australia () (2022)

Latest Data

Trade between Australia () and Romania ()

Australia Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Australia than Romania included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Difference in imports from Romania () and Australia () (2022)

Comparative Advantage Australia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Romania in the exports of Machines ($10.7M), Paper Goods ($5.08M), and Metals ($1.27M).

During 2017, Romania had a large net trade with Australia in the exports of Machines ($65M), Transportation ($46.1M), and Wood Products ($14.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Romania+$4.41MTelephones

Top Product Potential Romania Australia+$48.2MCars

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

Rou Year

In 2020, Romania exported services to Australia worth $53.5M, with Computer and information services ($28.9M), Transportation ($10.6M), and Other business services ($9.25M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Romania () (2022)

Exports from Romania () to Australia () (2022)

Latest Data

Trade between Australia () and Romania ()

Australia Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Australia () (2022)

Comparative Advantage Australia - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Australia () and Romania () (2022)

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