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Pricing

2022
Flag → Flag
Exports $10.5BRnk 13 / 221
2022
Flag → Flag
Top Product $299MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $9.55BRnk 2 / 196
2022
Flag → Flag
Top Product $1.12BCars
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Italy-Romania Trade: In 2022, Italy exported $10.5B to Romania. The main products that Italy exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($299M), Coated Flat-Rolled Iron ($229M), and Large Flat-Rolled Stainless Steel ($213M). Over the past 5 years the exports of Italy to Romania have increased at an annualized rate of 5.01%, from $8.22B in 2017 to $10.5B in 2022.

In 2020, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

Romania-Italy Trade: In 2022, Romania exported $9.55B to Italy. The main products that Romania exported to Italy were Cars ($1.12B), Leather Footwear ($347M), and Electric Heaters ($318M). Over the past 5 years the exports of Romania to Italy have increased at an annualized rate of 4.77%,  from $7.57B in 2017 to $9.55B in 2022.

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €903M and imported €773M from Romania, resulting in a positive trade balance of €129M. Between July 2023 and July 2024 the exports of Italy have increased by €49.9M (5.86%) from €853M to €903M, while imports increased by €32.2M (4.34%) from €741M to €773M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€49.9M(5.86%)
IMPORT GROWTH (July 2023 - July 2024)€32.2M(4.34%)

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

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

For full datasets download visit Bulk Download page.

Explore Romania and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $10.5B to Romania. The main products exported from Italy to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($299M), Coated Flat-Rolled Iron ($229M), and Large Flat-Rolled Stainless Steel ($213M). During the last 5 years the exports of Italy to Romania have increased at an annualized rate of 5.01%, from $8.22B in 2017 to $10.5B in 2022.

In 2017, Romania exported $9.55B to Italy. The main products exported from Romania to Italy were Cars ($1.12B), Leather Footwear ($347M), and Electric Heaters ($318M). During the last 5 years the exports of Romania to Italy have increased at an annualized rate of 4.77%, from $7.57B in 2022 to $9.55B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Italy than Romania included United States ($68.2B), Germany ($78.5B), and France ($63.8B).

In 2022, countries that imported more from Romania than Italy included Moldova ($2.14B), Bulgaria ($3.9B), and Jordan ($1.03B).

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

Comparative Advantage Italy - Romania

Flow
Scale

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

During 2022, Italy had a large net trade with Romania in the exports of Machines ($2.61B), Metals ($1.96B), and Textiles ($1.1B).

During 2017, Romania had a large net trade with Italy in the exports of Machines ($2.11B), Transportation ($1.68B), and Textiles ($1.04B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Romania+$113MPackaged Medicaments
Top Product Potential Romania Italy+$158MCars

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, Italy exported services to Romania worth $684M, with Travel ($285M), Transportation ($168M), and Other business services ($118M) being the largest in terms of value.

In 2020, Romania exported services to Italy worth $1.47B, with Transportation ($747M), Other business services ($239M), and Travel ($181M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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