2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
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 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
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GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
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GDP PC
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

Estonia-Romania Trade: In 2023, Estonia exported $100M to Romania. The main products that Estonia exported to Romania were Calculators ($7.05M), Other Metal Fasteners ($5.75M), and Machinery Having Individual Functions ($4.75M). Over the past 5 years the exports of Estonia to Romania have decreased at an annualized rate of 6.12%, from $137M in 2018 to $100M in 2023.

In 2020, Estonia exported services to Romania worth $13.7M, with Other business services ($9.14M), Travel ($2.17M), and Transportation ($1.03M) being the largest in terms of value.

Romania-Estonia Trade: In 2023, Romania exported $76.1M to Estonia. The main products that Romania exported to Estonia were Vacuum Cleaners ($9.23M), Electric Heaters ($6.16M), and Narrow Woven Fabric ($2.59M). Over the past 5 years the exports of Romania to Estonia have decreased at an annualized rate of 2.03%,  from $84.3M in 2018 to $76.1M in 2023.

In 2020, Romania exported services to Estonia worth $21M, with Computer and information services ($13.5M), Other business services ($3.31M), and Transportation ($2.86M) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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, Estonia exported $100M to Romania. The main products exported from Estonia to Romania were Calculators ($7.05M), Other Metal Fasteners ($5.75M), and Machinery Having Individual Functions ($4.75M). During the last 5 years the exports of Estonia to Romania have decreased at an annualized rate of 6.12%, from $137M in 2018 to $100M in 2023.

In 2018, Romania exported $76.1M to Estonia. The main products exported from Romania to Estonia were Vacuum Cleaners ($9.23M), Electric Heaters ($6.16M), and Narrow Woven Fabric ($2.59M). During the last 5 years the exports of Romania to Estonia have decreased at an annualized rate of 2.03%, from $84.3M in 2023 to $76.1M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Romania (Flag)

Estonia Exports

Romania Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Romania
Top Destination
Germany$19.9B

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

In 2023, countries that imported more from Estonia than Romania included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

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

Comparative Advantage Estonia - Romania

Flow
Scale

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

During 2023, Estonia had a large net trade with Romania in the exports of Machines ($36M), Animal Products ($10.3M), and Metals ($9.76M).

During 2018, Romania had a large net trade with Estonia in the exports of Machines ($31.7M), Textiles ($9.47M), and Metals ($7.68M).

Bilateral Service Trade

In 2020, Estonia exported services to Romania worth $13.7M, with Other business services ($9.14M), Travel ($2.17M), and Transportation ($1.03M) being the largest in terms of value.

In 2020, Romania exported services to Estonia worth $21M, with Computer and information services ($13.5M), Other business services ($3.31M), and Transportation ($2.86M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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