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2023
Flag → Flag
Exports $1.22BRnk N/A / N/A
2023
Flag → Flag
Exports $52.3kRnk N/A / N/A
2023
Flag → Flag
Top Product $1.82BCars
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

United Kingdom-Romania Trade: In 2023, United Kingdom exported $1.22B to Romania. The main products that United Kingdom exported to Romania were N/A. Over the past 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 9.63%, from $2.02B in 2018 to $1.22B in 2023.

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 2023, Romania exported $5.14B to United Kingdom. The main products that Romania exported to United Kingdom were Cars ($1.82B), Motor vehicles; parts and accessories (8701 to 8705) ($275M), and Centrifuges ($137M). Over the past 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 7.93%,  from $3.51B in 2018 to $5.14B in 2023.

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 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £122M and imported £277M from Romania, resulting in a negative trade balance of £155M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £13.4M (12.3%) from £108M to £122M, while imports decreased by £-39.6M (-12.5%) from £317M to £277M.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from N/A, while imports destinations were mainly London (£95.1M), Dover (£84.7M), Eurotunnel (£29.8M), and Dover Eurotunnel (£10.7M).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£13.4M(12.3%)
IMPORT GROWTH (November 2023 - November 2024)£-39.6M(-12.5%)

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 2023, United Kingdom exported $1.22B to Romania. There were not main exports from United Kingdom to Romania in 2023. During the last 5 years the exports of United Kingdom to Romania have decreased at an annualized rate of 9.63%, from $2.02B in 2018 to $1.22B in 2023.

In 2018, Romania exported $5.14B to United Kingdom. The main products exported from Romania to United Kingdom were Cars ($1.82B), Motor vehicles; parts and accessories (8701 to 8705) ($275M), and Centrifuges ($137M). During the last 5 years the exports of Romania to United Kingdom have increased at an annualized rate of 61.9%, from $6.51M in 2023 to $5.14B in 2018.

Exports from United Kingdom (Flag) to Romania (Flag) (2023)

Exports from Romania (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from United Kingdom than Romania included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

In 2023, countries that imported more from Romania than United Kingdom included Bulgaria ($4.03B), Hungary ($4.22B), and Moldova ($1.41B).

Difference in imports from Romania (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Romania in the exports of N/A.

During 2018, Romania had a large net trade with United Kingdom in the exports of Transportation ($2.16B), Machines ($1.4B), and Plastics and Rubbers ($248M).

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) (2023)

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