2023
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GDP
$296BCURRENT US$
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2013-2023
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GDP GROWTH
9.35%CURRENT US$
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2023
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 GDP
$351BCURRENT US$
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2013-2023
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GDP GROWTH
84.8%CURRENT US$
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2023
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GDP PC 
$52,926CURRENT US$
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2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
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2023
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GDP PC
$18,404CURRENT US$
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2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
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About

Finland-Romania Trade: In 2023, Finland exported $307M to Romania. The main products that Finland exported to Romania were Large Flat-Rolled Stainless Steel ($43M), Gas Turbines ($15.7M), and Electric Motors ($14.8M). Over the past 5 years the exports of Finland to Romania have increased at an annualized rate of 5.94%, from $230M in 2018 to $307M in 2023.

In 2020, Finland exported services to Romania worth $27.4M, with Computer and information services ($18.3M), Transportation ($3.43M), and Other business services ($3.43M) being the largest in terms of value.

Romania-Finland Trade: In 2023, Romania exported $292M to Finland. The main products that Romania exported to Finland were Cars ($23M), Electrical Transformers ($17.9M), and Electric Heaters ($10.9M). Over the past 5 years the exports of Romania to Finland have increased at an annualized rate of 0.58%,  from $283M in 2018 to $292M in 2023.

In 2020, Romania exported services to Finland worth $150M, with Communications services ($78.8M), Computer and information services ($45.6M), and Other business services ($15.1M) being the largest in terms of value.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $307M to Romania. The main products exported from Finland to Romania were Large Flat-Rolled Stainless Steel ($43M), Gas Turbines ($15.7M), and Electric Motors ($14.8M). During the last 5 years the exports of Finland to Romania have increased at an annualized rate of 5.94%, from $230M in 2018 to $307M in 2023.

In 2018, Romania exported $292M to Finland. The main products exported from Romania to Finland were Cars ($23M), Electrical Transformers ($17.9M), and Electric Heaters ($10.9M). During the last 5 years the exports of Romania to Finland have increased at an annualized rate of 0.58%, from $283M in 2023 to $292M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Romania (Flag)

Finland Exports

Romania Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Romania
Top Destination
Germany$19.9B

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

In 2023, countries that imported more from Finland than Romania included Sweden ($8.13B), United States ($9.68B), and China ($4.58B).

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

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

Comparative Advantage Finland - Romania

Flow
Scale

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

During 2023, Finland had a large net trade with Romania in the exports of Machines ($122M), Metals ($84.9M), and Paper Goods ($21.4M).

During 2018, Romania had a large net trade with Finland in the exports of Machines ($120M), Metals ($35.8M), and Transportation ($34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Romania+$6.71MLarge Flat-Rolled Stainless Steel
Top Product Potential Romania Finland+$29.2MCars

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

In 2020, Finland exported services to Romania worth $27.4M, with Computer and information services ($18.3M), Transportation ($3.43M), and Other business services ($3.43M) being the largest in terms of value.

In 2020, Romania exported services to Finland worth $150M, with Communications services ($78.8M), Computer and information services ($45.6M), and Other business services ($15.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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