Romania (ROU) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Romania-Angola Trade: In 2023, Romania exported $19.7M to Angola. The main products that Romania exported to Angola were Iron Pipes ($4M), Gas and Liquid Flow Measuring Instruments ($3.33M), and Valves ($3.04M). Over the past 5 years the exports of Romania to Angola have decreased at an annualized rate of 8.43%, from $30.6M in 2018 to $19.7M in 2023.

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

Angola-Romania Trade: In 2023, Angola exported $678k to Romania. The main products that Angola exported to Romania were Liquid Pumps ($172k), Gas and Liquid Flow Measuring Instruments ($152k), and Surveying Equipment ($98k). Over the past 5 years the exports of Angola to Romania have increased at an annualized rate of 28.2%, from $196k in 2018 to $678k in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $19.7M to Angola. The main products exported from Romania to Angola were Iron Pipes ($4M), Gas and Liquid Flow Measuring Instruments ($3.33M), and Valves ($3.04M). During the last 5 years the exports of Romania to Angola have decreased at an annualized rate of 8.43%, from $30.6M in 2018 to $19.7M in 2023.

In 2018, Angola exported $678k to Romania. The main products exported from Angola to Romania were Liquid Pumps ($172k), Gas and Liquid Flow Measuring Instruments ($152k), and Surveying Equipment ($98k). During the last 5 years the exports of Angola to Romania have increased at an annualized rate of 28.2%, from $196k in 2023 to $678k in 2018.

Exports from Romania () to Angola () (2023)

Exports from Angola () to Romania () (2023)

Latest Data

Trade between Romania () and Angola ()

Romania Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Angola
Top DestinationChina$17.1B

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

In 2023, countries that imported more from Romania than Angola included Germany ($19.9B), Italy ($10.2B), and United Kingdom ($5.14B).

In 2023, countries that imported more from Angola than Romania included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

Difference in imports from Angola () and Romania () (2023)

Comparative Advantage Romania - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Angola in the exports of Metals ($5.15M), Machines ($4.55M), and Instruments ($3.94M).

During 2018, Angola had a large net trade with Romania in the exports of Machines ($391k), Instruments ($251k), and Metals ($23k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Angola+$3.46MCars

Top Product Potential Angola Romania+$54.3kOther Measuring Instruments

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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Angola () (2023)

Exports from Angola () to Romania () (2023)

Latest Data

Trade between Romania () and Angola ()

Romania Exports

Angola Exports

Market Competitiveness

Difference in imports from Angola () and Romania () (2023)

Comparative Advantage Romania - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Angola () (2023)

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