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
$514BCURRENT US$
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2013-2023
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GDP GROWTH
72.6%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
$52,642CURRENT US$
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2013-2023
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GDP PC GROWTH
42.5%CURRENT US$
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About

Romania-Israel Trade: In 2023, Romania exported $518M to Israel. The main products that Romania exported to Israel were Bovine ($55.5M), Other Vegetable Residues ($46.4M), and Dried Vegetables ($30.7M). Over the past 5 years the exports of Romania to Israel have increased at an annualized rate of 3.81%, from $430M in 2018 to $518M in 2023.

In 2011, Romania exported services to Israel worth $161M, with Services not allocated ($79.7M), Travel ($44M), and Other business services ($22M) being the largest in terms of value.

Israel-Romania Trade: In 2023, Israel exported $390M to Romania. The main products that Israel exported to Romania were Refined Petroleum ($181M), Tanks and Armored vehicles ($22.1M), and Pesticides ($21.5M). Over the past 5 years the exports of Israel to Romania have increased at an annualized rate of 18.7%,  from $166M in 2018 to $390M in 2023.

In 2012, Israel exported services to Romania worth $67.6M, with Computer and information services ($67.6M) 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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $518M to Israel. The main products exported from Romania to Israel were Bovine ($55.5M), Other Vegetable Residues ($46.4M), and Dried Vegetables ($30.7M). During the last 5 years the exports of Romania to Israel have increased at an annualized rate of 3.81%, from $430M in 2018 to $518M in 2023.

In 2018, Israel exported $390M to Romania. The main products exported from Israel to Romania were Refined Petroleum ($181M), Tanks and Armored vehicles ($22.1M), and Pesticides ($21.5M). During the last 5 years the exports of Israel to Romania have increased at an annualized rate of 18.7%, from $166M in 2023 to $390M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Israel (Flag)

Romania Exports

Israel Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Romania included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Romania - Israel

Flow
Scale

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

During 2023, Romania had a large net trade with Israel in the exports of Machines ($86.2M), Transportation ($69.4M), and Foodstuffs ($68M).

During 2018, Israel had a large net trade with Romania in the exports of Mineral Products ($181M), Machines ($62.1M), and Chemical Products ($49.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Israel+$31.8MCars
Top Product Potential Israel Romania+$17.1MRefined Petroleum

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

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

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