2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

India-Romania Trade: In 2023, India exported $1.44B to Romania. The main products that India exported to Romania were Refined Petroleum ($835M), Coated Flat-Rolled Iron ($69.9M), and Unglazed Ceramics ($34.9M). Over the past 5 years the exports of India to Romania have increased at an annualized rate of 24.1%, from $488M in 2018 to $1.44B in 2023.

In 2023, India did not export any services to Romania.

Romania-India Trade: In 2023, Romania exported $571M to India. The main products that Romania exported to India were N/A. Over the past 5 years the exports of Romania to India have increased at an annualized rate of 2.17%,  from $451M in 2018 to $571M in 2023.

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 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $1.44B to Romania. The main products exported from India to Romania were Refined Petroleum ($835M), Coated Flat-Rolled Iron ($69.9M), and Unglazed Ceramics ($34.9M). During the last 5 years the exports of India to Romania have increased at an annualized rate of 24.1%, from $488M in 2018 to $1.44B in 2023.

In 2018, Romania exported $571M to India. There were not main exports from Romania to India in 2018. During the last 5 years the exports of Romania to India have increased at an annualized rate of 2.17%, from $451M in 2023 to $571M in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Romania
Top Destination
Germany$19.9B

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 2023, countries that imported more from India than Romania included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Romania than India included Germany ($19.9B), Bulgaria ($4.03B), and Hungary ($4.22B).

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

Comparative Advantage India - Romania

Flow
Scale

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

During 2023, India had a large net trade with Romania in the exports of Mineral Products ($836M), Machines ($144M), and Metals ($121M).

During 2018, Romania had a large net trade with India in the exports of Machines ($222M), Animal and Vegetable Bi-Products ($170M), and Instruments ($40.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Romania+$132MRefined Petroleum
Top Product Potential Romania India+$49MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

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 (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with