2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186

About

India-Romania Trade: In 2022, India exported $760M to Romania. The main products that India exported to Romania were Refined Petroleum ($97.3M), Coated Flat-Rolled Iron ($37M), and Unglazed Ceramics ($29.1M). Over the past 5 years the exports of India to Romania have increased at an annualized rate of 14.8%, from $382M in 2017 to $760M in 2022.

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

Romania-India Trade: 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). Over the past 5 years the exports of Romania to India have decreased at an annualized rate of 2.86%,  from $378M in 2017 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 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, 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 5 years the exports of India to Romania have increased at an annualized rate of 14.8%, from $382M in 2017 to $760M in 2022.

In 2017, 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 5 years the exports of Romania to India have decreased at an annualized rate of 2.86%, from $378M in 2022 to $327M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Romania
Top Destination
Germany$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 2022, countries that imported more from India than Romania included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Romania than India included Germany ($18.8B), Hungary ($6.75B), and Bulgaria ($3.9B).

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

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

During 2017, Romania had a large net trade with India in the exports of Machines ($148M), Chemical Products ($33.7M), and Instruments ($27M).

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.

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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) (2022)

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