Romania (ROU) and Czechia (CZE) Trade | The Observatory of Economic Complexity

About

Romania-Czechia Trade: In 2023, Romania exported $3.24B to Czechia. The main products that Romania exported to Czechia were Insulated Wire ($379M), Motor vehicles; parts and accessories (8701 to 8705) ($331M), and Seats ($271M). Over the past 5 years the exports of Romania to Czechia have increased at an annualized rate of 4.7%, from $2.58B in 2018 to $3.24B in 2023.

In 2020, Romania exported services to Czechia worth $185M, with Transportation ($71.3M), Other business services ($63.5M), and Computer and information services ($17.9M) being the largest in terms of value.

Czechia-Romania Trade: In 2023, Czechia exported $3.94B to Romania. The main products that Czechia exported to Romania were Cars ($415M), Broadcasting Equipment ($249M), and Motor vehicles; parts and accessories (8701 to 8705) ($174M). Over the past 5 years the exports of Czechia to Romania have increased at an annualized rate of 6.13%, from $2.93B in 2018 to $3.94B in 2023.

In 2019, Czechia exported services to Romania worth $285M, with Transportation ($115M), Other business services ($61.1M), and Travel ($59.9M) being the largest in terms of value.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $3.24B to Czechia. The main products exported from Romania to Czechia were Insulated Wire ($379M), Motor vehicles; parts and accessories (8701 to 8705) ($331M), and Seats ($271M). During the last 5 years the exports of Romania to Czechia have increased at an annualized rate of 4.7%, from $2.58B in 2018 to $3.24B in 2023.

In 2018, Czechia exported $3.94B to Romania. The main products exported from Czechia to Romania were Cars ($415M), Broadcasting Equipment ($249M), and Motor vehicles; parts and accessories (8701 to 8705) ($174M). During the last 5 years the exports of Czechia to Romania have increased at an annualized rate of 6.13%, from $2.93B in 2023 to $3.94B in 2018.

Exports from Romania () to Czechia () (2023)

Exports from Czechia () to Romania () (2023)

Latest Data

Trade between Romania () and Czechia ()

Romania Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Czechia
Top DestinationGermany$64.2B

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

In 2023, countries that imported more from Romania than Czechia included Bulgaria ($4.03B), Moldova ($1.41B), and Morocco ($1.21B).

In 2023, countries that imported more from Czechia than Romania included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

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

Comparative Advantage Romania - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Czechia in the exports of Machines ($1.31B), Transportation ($438M), and Miscellaneous ($287M).

During 2018, Czechia had a large net trade with Romania in the exports of Machines ($1.46B), Transportation ($662M), and Metals ($318M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Czechia+$78.7MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Czechia Romania+$88.9MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Cze Year

Rou Year

In 2020, Romania exported services to Czechia worth $185M, with Transportation ($71.3M), Other business services ($63.5M), and Computer and information services ($17.9M) being the largest in terms of value.

In 2019, Czechia exported services to Romania worth $285M, with Transportation ($115M), Other business services ($61.1M), and Travel ($59.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Czechia () (2020)

Services Exports from Czechia () to Romania () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Czechia () (2023)

Exports from Czechia () to Romania () (2023)

Latest Data

Trade between Romania () and Czechia ()

Romania Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Romania - Czechia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Romania () to Czechia () (2020)

Services Exports from Czechia () to Romania () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring