India (IND) and Romania (ROU) Trade | The Observatory of Economic Complexity

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India-Romania In 2022, India exported $760M to Romania. The main products that India exported to Romania are Refined Petroleum ($97.3M), Coated Flat-Rolled Iron ($37M), and Unglazed Ceramics ($29.1M). During the last 27 years the exports of India to Romania have increased at an annualized rate of 10.6%, from $50.3M in 1995 to $760M in 2022.

In 2022, India did not export any services to Romania.

Romania-India In 2022, Romania exported $327M to India. The main products that Romania exported to India were Liquid Pumps ($47.4M), Ball Bearings ($39.5M), and Acyclic Hydrocarbons ($29.3M). During the last 27 years the exports of Romania to India have increased at an annualized rate of 4.67%, from $95.2M in 1995 to $327M in 2022.

In 2020, Romania exported services to India worth $73.1M, with Computer and information services ($34.7M), Other business services ($29.5M), and Transportation ($4M) being the largest in terms of value.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $141M and imported $125M from Romania, resulting in a positive trade balance of $15.7M. Between January 2023 and January 2024 the exports of India have increased by $97M (221%) from $43.9M to $141M, while imports increased by $33.7M (36.8%) from $91.5M to $125M.

Trade In January 2024, the top exports of India to Romania were Electric Machinery And Equipme ($5.28M), Iron And Steel ($4.35M), Aluminium, Products Of Aluminm ($1.8M), Ceramics And Allied Products ($1.72M), and Manmade Yarn,Fabrics,Madeups ($1.5M). In January 2024 the top imports of India from Romania were Vegetable Oils ($69.1M), Organic Chemicals ($4.41M), Consumer Electronics ($3.08M), Pumps Of All Types ($2.41M), and Electronics Instruments ($1.77M).

Growth In January 2024, the increase in India's year-by-year exports to Romania was explained primarily by an increase in product exports in Aluminium, Products Of Aluminm ($1.73M or 2.24k%), Electric Machinery And Equipme ($1.31M or 32.9%), and Organic Chemicals ($805k or 536%). In January 2024, the increase in India's year-by-year imports from Romania was explained primarily by an increase in product imports in Organic Chemicals ($2.55M or 137%), Products Of Iron And Steel ($952k or 1.42k%), and Other Misc. Engineering Items ($934k or 332%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$97M(221%)

IMPORT GROWTH (January 2023 - January 2024)$33.7M(36.8%)

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

To check Romania and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $760M to Romania. The main products exported from India to Romania were Refined Petroleum ($97.3M), Coated Flat-Rolled Iron ($37M), and Unglazed Ceramics ($29.1M). During the last 27 years the exports of India to Romania have increased at an annualized rate of 10.6%, from $50.3M in 1995 to $760M in 2022.

In 2022, Romania exported $327M to India. The main products exported from Romania to India were Liquid Pumps ($47.4M), Ball Bearings ($39.5M), and Acyclic Hydrocarbons ($29.3M). During the last 27 years the exports of Romania to India have increased at an annualized rate of 4.67%, from $95.2M in 1995 to $327M in 2022.

Exports from India () to Romania () (2022)

Exports from Romania () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Romania
Top DestinationGermany$18.8B

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

In 2021, countries that imported more from India than Romania were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Romania than India were Germany ($18.8B), Hungary ($6.75B), and Bulgaria ($3.9B).

Difference in imports from Romania () and India () (2022)

Comparative Advantage India - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Romania in the exports of Machines ($150M), Mineral Products ($132M), and Metals ($129M).

During 2022, Romania had a large net trade with India in the exports of Machines ($148M), Chemical Products ($33.7M), and Instruments ($27M).

Service Trade

Bilateral Service Trade

Rou Year

In 2020, Romania exported services to India worth $73.1M, with Computer and information services ($34.7M), Other business services ($29.5M), and Transportation ($4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to India () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Romania. Similarly, the more yellow a dot/product is, the more Romania has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Romania () (2022)

Exports from Romania () to India () (2022)

Market Competitiveness

Difference in imports from Romania () and India () (2022)

Comparative Advantage India - Romania

Service Trade

Bilateral Service Trade

Services Exports from Romania () to India () (2020)

Economic Complexity

Competitive Landscape

Product Space of India () and Romania () (2022)

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