Canada (CAN) and Romania (ROU) Trade

2023

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Exports $105MRnk 81 / 215

2023

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About

Canada-Romania Trade: In 2023, Canada exported $105M to Romania. The main products that Canada exported to Romania were Radioactive Chemicals ($31.1M), Spark-Ignition Engines ($6.35M), and Other Printed Material ($3.81M). Over the past 5 years the exports of Canada to Romania have decreased at an annualized rate of 9.07%, from $170M in 2018 to $105M in 2023.

In 2020, Canada exported services to Romania worth $17.9M, with Royalties and license fees ($12.7M), Computer and information services ($2.98M), and Communications services ($2.24M) being the largest in terms of value.

Romania-Canada Trade: In 2023, Romania exported $582M to Canada. The main products that Romania exported to Canada were Semi-Finished Iron ($51.2M), Steel Ingots ($50.8M), and Rubber Tires ($43.3M). Over the past 5 years the exports of Romania to Canada have increased at an annualized rate of 8.82%, from $382M in 2018 to $582M in 2023.

In 2020, Romania exported services to Canada worth $149M, with Computer and information services ($66.1M), Other business services ($36.1M), and Transportation ($25M) being the largest in terms of value.

Comparison: In 2023, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$18.1M and imported C$47.4M from Romania, resulting in a negative trade balance of C$29.3M. Between November 2023 and November 2024 the exports of Canada have increased by C$4.94M (37.6%) from C$13.1M to C$18.1M, while imports decreased by C$-4.38M (-8.45%) from C$51.8M to C$47.4M.

Trade In November 2024, the top exports of Canada to Romania were Liquid Pumps (C$463k), Surveying Equipment (C$327k), Printed Circuit Boards (C$261k), Excavation Machinery (C$252k), and Non-fillet Frozen Fish (C$245k). In November 2024 the top imports of Canada from Romania were Insulated Wire (C$4.35M), Rubber Tires (C$3.9M), Iron Pipes (C$3.31M), Gas Turbines (C$2.77M), and Non-Knit Women's Coats (C$2.33M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$14.3M), Quebec (C$1.68M), British Columbia (C$1.17M), Alberta (C$739k), and Nova Scotia (C$199k), while imports destinations were mainly Ontario (C$27.6M), Quebec (C$5.23M), Alberta (C$5.18M), British Columbia (C$4.44M), and Newfoundland Labrador (C$3.08M).

Growth In November 2024, the increase in Canada's year-by-year exports to Romania was explained primarily by an increase in product exports in Liquid Pumps (C$431k or 1.32k%), Excavation Machinery (C$219k or 670%), and Printed Circuit Boards (C$184k or 241%). In November 2024, the decrease in Canada's year-by-year imports from Romania was explained primarily by an decrease in product imports in Rubber Tires (C$-2M or -34%), Electric Heaters (C$-1.17M or -36.6%), and Liquid Pumps (C$-948k or -74%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)C$4.94M(37.6%)

IMPORT GROWTH (November 2023 - November 2024)C$-4.38M(-8.45%)

MAIN EXPORTER (November 2024)OntarioC$14.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Romania and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Canada exported $105M to Romania. The main products exported from Canada to Romania were Radioactive Chemicals ($31.1M), Spark-Ignition Engines ($6.35M), and Other Printed Material ($3.81M). During the last 5 years the exports of Canada to Romania have decreased at an annualized rate of 9.07%, from $170M in 2018 to $105M in 2023.

In 2018, Romania exported $582M to Canada. The main products exported from Romania to Canada were Semi-Finished Iron ($51.2M), Steel Ingots ($50.8M), and Rubber Tires ($43.3M). During the last 5 years the exports of Romania to Canada have increased at an annualized rate of 8.82%, from $382M in 2023 to $582M in 2018.

Exports from Canada () to Romania () (2023)

Exports from Romania () to Canada () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$410B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Canada than Romania included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Romania than Canada included Germany ($19.9B), Italy ($10.2B), and Hungary ($4.22B).

Difference in imports from Romania () and Canada () (2023)

Comparative Advantage Canada - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Canada had a large net trade with Romania in the exports of Machines ($33.1M), Chemical Products ($33M), and Instruments ($7.66M).

During 2018, Romania had a large net trade with Canada in the exports of Metals ($139M), Machines ($137M), and Textiles ($79.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Romania+$8.3MCars

Top Product Potential Romania Canada+$26.8MInsulated Wire

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

Can Year

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Canada () and Romania () (2023)

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