Romania (ROU) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Romania-Finland Trade: In 2023, Romania exported $292M to Finland. The main products that Romania exported to Finland were Cars ($23M), Electrical Transformers ($17.9M), and Electric Heaters ($10.9M). Over the past 5 years the exports of Romania to Finland have increased at an annualized rate of 0.58%, from $283M in 2018 to $292M in 2023.

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 2023, Finland exported $307M to Romania. The main products that Finland exported to Romania were Large Flat-Rolled Stainless Steel ($43M), Gas Turbines ($15.7M), and Electric Motors ($14.8M). Over the past 5 years the exports of Finland to Romania have increased at an annualized rate of 5.94%, from $230M in 2018 to $307M in 2023.

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 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $292M to Finland. The main products exported from Romania to Finland were Cars ($23M), Electrical Transformers ($17.9M), and Electric Heaters ($10.9M). During the last 5 years the exports of Romania to Finland have increased at an annualized rate of 0.58%, from $283M in 2018 to $292M in 2023.

In 2018, Finland exported $307M to Romania. The main products exported from Finland to Romania were Large Flat-Rolled Stainless Steel ($43M), Gas Turbines ($15.7M), and Electric Motors ($14.8M). During the last 5 years the exports of Finland to Romania have increased at an annualized rate of 5.94%, from $230M in 2023 to $307M in 2018.

Exports from Romania () to Finland () (2023)

Exports from Finland () to Romania () (2023)

Latest Data

Trade between Romania () and Finland ()

Romania Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Finland
Top DestinationUnited States$9.68B

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 2023, countries that imported more from Romania than Finland included Germany ($19.9B), Italy ($10.2B), and Hungary ($4.22B).

In 2023, countries that imported more from Finland than Romania included Sweden ($8.13B), United States ($9.68B), and China ($4.58B).

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

Comparative Advantage Romania - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Finland in the exports of Machines ($120M), Metals ($35.8M), and Transportation ($34M).

During 2018, Finland had a large net trade with Romania in the exports of Machines ($122M), Metals ($84.9M), and Paper Goods ($21.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Fin Year

Rou Year

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 () to Finland () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Finland () (2023)

Exports from Finland () to Romania () (2023)

Latest Data

Trade between Romania () and Finland ()

Romania Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Romania - Finland

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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