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Pricing

2022
Flag → Flag
Exports $1.24BRnk 45 / 224
2022
Flag → Flag
Top Product $110MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $3.1BRnk 9 / 196
2022
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Top Product $309MCars
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

United Kingdom-Romania Trade: In 2022, United Kingdom exported $1.24B to Romania. The main products that United Kingdom exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). Over the past 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 6.54%, from $1.74B in 2017 to $1.24B in 2022.

In 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) being the largest in terms of value.

Romania-United Kingdom Trade: In 2022, Romania exported $3.1B to United Kingdom. The main products that Romania exported to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). Over the past 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 1.35%,  from $2.9B in 2017 to $3.1B in 2022.

In 2020, Romania exported services to United Kingdom worth $2.27B, with Computer and information services ($915M), Other business services ($622M), and Travel ($340M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £80.2M and imported £272M from Romania, resulting in a negative trade balance of £192M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-9.46M (-10.5%) from £89.7M to £80.2M, while imports decreased by £-2.2M (-0.8%) from £274M to £272M.

Trade In August 2024, the top exports of United Kingdom to Romania were Motor vehicles; parts and accessories (8701... (£7.5M), Hard Liquor (£4.35M), Engine Parts (£3.31M), Commodities not elsewhere specified (£2.86M), and Cars (£2.72M). In August 2024 the top imports of United Kingdom from Romania were Cars (£101M), Centrifuges (£9.3M), Motor vehicles; parts and accessories (8701... (£9.09M), Railway Freight Cars (£7.21M), and Seats (£6.74M).

Origins In August 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£46M), London (£7.02M), Harwich (£5.27M), East Midlands Airport (£4.85M), and Immingham (£4.56M), while imports destinations were mainly London (£126M), Dover (£60.2M), Eurotunnel (£21.2M), and Immingham (£7.78M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Romania was explained primarily by an decrease in product exports in Tractors (£-648k or -95%), Integrated Circuits (£-341k or -32.8%), and Shaving Products (£-295k or -26.2%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Motor-working Tools (£-3.35M or -79.5%), Electric Heaters (£-2.28M or -94.1%), and Non-Knit Women's Shirts (£-1.67M or -78%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-9.46M(-10.5%)
IMPORT GROWTH (August 2023 - August 2024)£-2.2M(-0.8%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£46M

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

To check Romania and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $1.24B to Romania. The main products exported from United Kingdom to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($110M), Hard Liquor ($86M), and Cars ($65M). During the last 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 6.54%, from $1.74B in 2017 to $1.24B in 2022.

In 2017, Romania exported $3.1B to United Kingdom. The main products exported from Romania to United Kingdom were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($190M), and Centrifuges ($140M). During the last 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 1.35%, from $2.9B in 2022 to $3.1B in 2017.

Exports from United Kingdom (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from United Kingdom than Romania included United States ($61.8B), Netherlands ($41.9B), and China ($35.4B).

In 2022, countries that imported more from Romania than United Kingdom included Hungary ($6.75B), Bulgaria ($3.9B), and Moldova ($2.14B).

Difference in imports from Romania (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Romania

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Romania in the exports of Machines ($355M), Transportation ($196M), and Textiles ($138M).

During 2017, Romania had a large net trade with United Kingdom in the exports of Machines ($1.08B), Transportation ($580M), and Textiles ($237M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Romania+$74.6MCars
Top Product Potential Romania United Kingdom+$199MCars

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 2019, United Kingdom exported services to Romania worth $1.32B, with Travel ($1B), Other business services ($134M), and Royalties and license fees ($91.8M) being the largest in terms of value.

In 2020, Romania exported services to United Kingdom worth $2.27B, with Computer and information services ($915M), Other business services ($622M), and Travel ($340M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Romania (Flag) (2019)

Services Exports from Romania (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Romania (Flag) (2022)

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