2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$633BCURRENT US$
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2012-2022
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GDP GROWTH
15.9%CURRENT US$
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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GDP PC
$13,686CURRENT US$
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2012-2022
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GDP PC GROWTH
4.61%CURRENT US$
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About

Romania-Argentina Trade: In 2022, Romania exported $96.8M to Argentina. The main products that Romania exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($21.5M), Electrical Lighting and Signalling Equipment ($6.16M), and Other Isotopes ($5.39M). Over the past 5 years the exports of Romania to Argentina have increased at an annualized rate of 6.33%, from $71.2M in 2017 to $96.8M in 2022.

In 2020, Romania exported services to Argentina worth $2.06M, with Other business services ($1.14M), Computer and information services ($457k), and Transportation ($228k) being the largest in terms of value.

Argentina-Romania Trade: In 2022, Argentina exported $65.4M to Romania. The main products that Argentina exported to Romania were Soybean Meal ($43.9M), Iron Pipes ($6.89M), and Ground Nuts ($3.73M). Over the past 5 years the exports of Argentina to Romania have decreased at an annualized rate of 4.34%,  from $81.7M in 2017 to $65.4M in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $96.8M to Argentina. The main products exported from Romania to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($21.5M), Electrical Lighting and Signalling Equipment ($6.16M), and Other Isotopes ($5.39M). During the last 5 years the exports of Romania to Argentina have increased at an annualized rate of 6.33%, from $71.2M in 2017 to $96.8M in 2022.

In 2017, Argentina exported $65.4M to Romania. The main products exported from Argentina to Romania were Soybean Meal ($43.9M), Iron Pipes ($6.89M), and Ground Nuts ($3.73M). During the last 5 years the exports of Argentina to Romania have decreased at an annualized rate of 4.34%, from $81.7M in 2022 to $65.4M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Argentina (Flag)

Romania Exports

Argentina Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Argentina
Top Destination
Brazil$12.6B

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

In 2022, countries that imported more from Romania than Argentina included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Argentina than Romania included Brazil ($12.6B), China ($8B), and Chile ($5.11B).

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

Comparative Advantage Romania - Argentina

Flow
Scale

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

During 2022, Romania had a large net trade with Argentina in the exports of Machines ($37.4M), Transportation ($21.6M), and Instruments ($11.7M).

During 2017, Argentina had a large net trade with Romania in the exports of Foodstuffs ($44.7M), Metals ($7.16M), and Vegetable Products ($5.94M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Argentina+$20MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Argentina Romania+$3.28MSoybean Meal

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

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

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

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