2022
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GDP
$1.92TCURRENT US$
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2012-2022
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GDP GROWTH
-22.1%CURRENT US$
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2022
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 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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GDP PC 
$8,918CURRENT US$
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GDP PC GROWTH
-27.7%CURRENT US$
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Brazil-Romania Trade: In 2022, Brazil exported $414M to Romania. The main products that Brazil exported to Romania were Soybean Meal ($155M), Soybeans ($84.2M), and Raw Sugar ($59.7M). Over the past 5 years the exports of Brazil to Romania have increased at an annualized rate of 5.79%, from $312M in 2017 to $414M in 2022.

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

Romania-Brazil Trade: In 2022, Romania exported $293M to Brazil. The main products that Romania exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($73.3M), Thermostats ($15.7M), and Ball Bearings ($14.6M). Over the past 5 years the exports of Romania to Brazil have increased at an annualized rate of 0.36%,  from $287M in 2017 to $293M in 2022.

In 2020, Romania exported services to Brazil worth $12.2M, with Computer and information services ($7.31M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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
Value

In 2022, Brazil exported $414M to Romania. The main products exported from Brazil to Romania were Soybean Meal ($155M), Soybeans ($84.2M), and Raw Sugar ($59.7M). During the last 5 years the exports of Brazil to Romania have increased at an annualized rate of 5.79%, from $312M in 2017 to $414M in 2022.

In 2017, Romania exported $293M to Brazil. The main products exported from Romania to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($73.3M), Thermostats ($15.7M), and Ball Bearings ($14.6M). During the last 5 years the exports of Romania to Brazil have increased at an annualized rate of 0.36%, from $287M in 2022 to $293M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Brazil than Romania included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

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

Comparative Advantage Brazil - Romania

Flow
Scale

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

During 2022, Brazil had a large net trade with Romania in the exports of Foodstuffs ($243M), Vegetable Products ($96.7M), and Mineral Products ($29.5M).

During 2017, Romania had a large net trade with Brazil in the exports of Machines ($128M), Transportation ($74.9M), and Instruments ($27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Romania+$37.9MSoybeans
Top Product Potential Romania Brazil+$68.9MMotor 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 Brazil worth $12.2M, with Computer and information services ($7.31M), Transportation ($2.86M), and Other business services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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