2023
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GDP
$351BCURRENT US$
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2013-2023
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GDP GROWTH
84.8%CURRENT US$
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2023
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 GDP
$1.62TCURRENT US$
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2013-2023
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GDP GROWTH
18.9%CURRENT US$
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2023
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GDP PC 
$18,404CURRENT US$
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2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
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2023
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GDP PC
$33,509CURRENT US$
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GDP PC GROWTH
14.7%CURRENT US$
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About

Romania-Spain Trade: In 2023, Romania exported $3.13B to Spain. The main products that Romania exported to Spain were Cars ($684M), Motor vehicles; parts and accessories (8701 to 8705) ($265M), and Barley ($171M). Over the past 5 years the exports of Romania to Spain have increased at an annualized rate of 5.79%, from $2.36B in 2018 to $3.13B in 2023.

In 2020, Romania exported services to Spain worth $853M, with Transportation ($639M), Travel ($60.9M), and Other business services ($53.3M) being the largest in terms of value.

Spain-Romania Trade: In 2023, Spain exported $3.66B to Romania. The main products that Spain exported to Romania were Pig Meat ($413M), Spark-Ignition Engines ($279M), and Cars ($264M). Over the past 5 years the exports of Spain to Romania have increased at an annualized rate of 6.94%,  from $2.62B in 2018 to $3.66B in 2023.

In 2009, Spain exported services to Romania worth $158M, with Services not allocated ($158M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $3.13B to Spain. The main products exported from Romania to Spain were Cars ($684M), Motor vehicles; parts and accessories (8701 to 8705) ($265M), and Barley ($171M). During the last 5 years the exports of Romania to Spain have increased at an annualized rate of 5.79%, from $2.36B in 2018 to $3.13B in 2023.

In 2018, Spain exported $3.66B to Romania. The main products exported from Spain to Romania were Pig Meat ($413M), Spark-Ignition Engines ($279M), and Cars ($264M). During the last 5 years the exports of Spain to Romania have increased at an annualized rate of 6.94%, from $2.62B in 2023 to $3.66B in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Spain (Flag)

Romania Exports

Spain Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Spain
Top Destination
France$61.9B

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

In 2023, countries that imported more from Romania than Spain included Bulgaria ($4.03B), Hungary ($4.22B), and Moldova ($1.41B).

In 2023, countries that imported more from Spain than Romania included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

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

Comparative Advantage Romania - Spain

Flow
Scale

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

During 2023, Romania had a large net trade with Spain in the exports of Transportation ($985M), Machines ($553M), and Vegetable Products ($500M).

During 2018, Spain had a large net trade with Romania in the exports of Machines ($983M), Transportation ($546M), and Animal Products ($482M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Spain+$129MCars
Top Product Potential Spain Romania+$107MCars

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

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

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