2023
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GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
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 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Romania-Australia Trade: In 2023, Romania exported $231M to Australia. The main products that Romania exported to Australia were Cars ($29.8M), Electric Heaters ($16M), and Broadcasting Equipment ($14.6M). Over the past 5 years the exports of Romania to Australia have increased at an annualized rate of 5.17%, from $180M in 2018 to $231M in 2023.

In 2020, Romania exported services to Australia worth $53.5M, with Computer and information services ($28.9M), Transportation ($10.6M), and Other business services ($9.25M) being the largest in terms of value.

Australia-Romania Trade: In 2023, Australia exported $20.5M to Romania. The main products that Australia exported to Romania were Broadcasting Equipment ($9.4M), Hot-Rolled Iron ($1.36M), and Edible Offal ($696k). Over the past 5 years the exports of Australia to Romania have decreased at an annualized rate of 11.6%,  from $37.8M in 2018 to $20.5M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $231M to Australia. The main products exported from Romania to Australia were Cars ($29.8M), Electric Heaters ($16M), and Broadcasting Equipment ($14.6M). During the last 5 years the exports of Romania to Australia have increased at an annualized rate of 5.17%, from $180M in 2018 to $231M in 2023.

In 2018, Australia exported $20.5M to Romania. The main products exported from Australia to Romania were Broadcasting Equipment ($9.4M), Hot-Rolled Iron ($1.36M), and Edible Offal ($696k). During the last 5 years the exports of Australia to Romania have decreased at an annualized rate of 11.6%, from $37.8M in 2023 to $20.5M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Australia (Flag)

Romania Exports

Australia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Australia
Top Destination
China$137B

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

In 2023, countries that imported more from Romania than Australia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Australia than Romania included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Romania - Australia

Flow
Scale

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

During 2023, Romania had a large net trade with Australia in the exports of Machines ($98.1M), Transportation ($35.8M), and Textiles ($22.3M).

During 2018, Australia had a large net trade with Romania in the exports of Machines ($13.3M), Metals ($2.2M), and Instruments ($904k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Australia+$48.2MCars
Top Product Potential Australia Romania+$4.41MTelephones

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 Australia. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Romania.

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

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