2022
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GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Greece-Romania Trade: In 2022, Greece exported $1.82B to Romania. The main products that Greece exported to Romania were Other toys ($114M), Copper Wire ($113M), and Hot-Rolled Iron Bars ($112M). Over the past 5 years the exports of Greece to Romania have increased at an annualized rate of 13%, from $988M in 2017 to $1.82B in 2022.

In 2020, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) being the largest in terms of value.

Romania-Greece Trade: In 2022, Romania exported $1.08B to Greece. The main products that Romania exported to Greece were Insulated Wire ($49.8M), Scrap Iron ($39.2M), and Rolled Tobacco ($38.5M). Over the past 5 years the exports of Romania to Greece have increased at an annualized rate of 1.64%,  from $996M in 2017 to $1.08B in 2022.

In 2020, Romania exported services to Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $1.82B to Romania. The main products exported from Greece to Romania were Other toys ($114M), Copper Wire ($113M), and Hot-Rolled Iron Bars ($112M). During the last 5 years the exports of Greece to Romania have increased at an annualized rate of 13%, from $988M in 2017 to $1.82B in 2022.

In 2017, Romania exported $1.08B to Greece. The main products exported from Romania to Greece were Insulated Wire ($49.8M), Scrap Iron ($39.2M), and Rolled Tobacco ($38.5M). During the last 5 years the exports of Romania to Greece have increased at an annualized rate of 1.64%, from $996M in 2022 to $1.08B in 2017.

Exports from Greece (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and Romania (Flag)

Greece Exports

Romania Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Greece than Romania included Cyprus ($2.92B), Libya ($1.95B), and Lebanon ($1.78B).

In 2022, countries that imported more from Romania than Greece included Germany ($18.8B), Hungary ($6.75B), and France ($5.73B).

Difference in imports from Romania (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - Romania

Flow
Scale

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

During 2022, Greece had a large net trade with Romania in the exports of Metals ($449M), Chemical Products ($234M), and Vegetable Products ($201M).

During 2017, Romania had a large net trade with Greece in the exports of Metals ($150M), Machines ($142M), and Foodstuffs ($115M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Romania+$56MRefined Petroleum
Top Product Potential Romania Greece+$33MCars

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, Greece exported services to Romania worth $222M, with Travel ($91.5M), Transportation ($50M), and Other business services ($33.8M) being the largest in terms of value.

In 2020, Romania exported services to Greece worth $133M, with Transportation ($42.7M), Other business services ($30.5M), and Travel ($23.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Greece (Flag) and Romania (Flag) (2022)

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