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
$281BCURRENT US$
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GDP GROWTH
8.73%CURRENT US$
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GDP PC 
$15,892CURRENT US$
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GDP PC GROWTH
77.9%CURRENT US$
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GDP PC
$50,537CURRENT US$
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GDP PC GROWTH
5.93%CURRENT US$
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About

Romania-Finland Trade: In 2022, Romania exported $317M to Finland. The main products that Romania exported to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($34.8M), Cars ($22M), and Iron Pipes ($14.1M). Over the past 5 years the exports of Romania to Finland have increased at an annualized rate of 4.42%, from $256M in 2017 to $317M in 2022.

In 2020, Romania exported services to Finland worth $150M, with Communications services ($78.8M), Computer and information services ($45.6M), and Other business services ($15.1M) being the largest in terms of value.

Finland-Romania Trade: In 2022, Finland exported $291M to Romania. The main products that Finland exported to Romania were Large Flat-Rolled Stainless Steel ($30.7M), Electric Motors ($15.3M), and Ethylene Polymers ($14.6M). Over the past 5 years the exports of Finland to Romania have increased at an annualized rate of 7.63%,  from $201M in 2017 to $291M in 2022.

In 2020, Finland exported services to Romania worth $27.4M, with Computer and information services ($18.3M), Transportation ($3.43M), and Other business services ($3.43M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $317M to Finland. The main products exported from Romania to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($34.8M), Cars ($22M), and Iron Pipes ($14.1M). During the last 5 years the exports of Romania to Finland have increased at an annualized rate of 4.42%, from $256M in 2017 to $317M in 2022.

In 2017, Finland exported $291M to Romania. The main products exported from Finland to Romania were Large Flat-Rolled Stainless Steel ($30.7M), Electric Motors ($15.3M), and Ethylene Polymers ($14.6M). During the last 5 years the exports of Finland to Romania have increased at an annualized rate of 7.63%, from $201M in 2022 to $291M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Finland (Flag)

Romania Exports

Finland Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Finland
Top Destination
Germany$9.99B

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

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

In 2022, countries that imported more from Finland than Romania included Sweden ($9.1B), United States ($9.17B), and China ($4.94B).

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

Comparative Advantage Romania - Finland

Flow
Scale

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

During 2022, Romania had a large net trade with Finland in the exports of Machines ($101M), Transportation ($58.8M), and Metals ($50.5M).

During 2017, Finland had a large net trade with Romania in the exports of Metals ($81.7M), Machines ($74.1M), and Plastics and Rubbers ($33.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Finland+$29.2MCars
Top Product Potential Finland Romania+$6.71MLarge Flat-Rolled Stainless Steel

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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Bilateral Service Trade

In 2020, Romania exported services to Finland worth $150M, with Communications services ($78.8M), Computer and information services ($45.6M), and Other business services ($15.1M) being the largest in terms of value.

In 2020, Finland exported services to Romania worth $27.4M, with Computer and information services ($18.3M), Transportation ($3.43M), and Other business services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Romania (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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