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
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Romania-South Korea Trade: In 2022, Romania exported $612M to South Korea. The main products that Romania exported to South Korea were Corn ($146M), Motor vehicles; parts and accessories (8701 to 8705) ($48.2M), and Non-Knit Women's Coats ($34.6M). Over the past 5 years the exports of Romania to South Korea have increased at an annualized rate of 10.9%, from $364M in 2017 to $612M in 2022.

In 2020, Romania exported services to South Korea worth $20.1M, with Computer and information services ($10.9M), Other business services ($5.48M), and Transportation ($3.08M) being the largest in terms of value.

South Korea-Romania Trade: In 2022, South Korea exported $575M to Romania. The main products that South Korea exported to Romania were Cars ($59.5M), Large Flat-Rolled Stainless Steel ($42.6M), and Coated Flat-Rolled Iron ($36.3M). Over the past 5 years the exports of South Korea to Romania have increased at an annualized rate of 0.56%,  from $501M in 2017 to $575M in 2022.

In 2022, South Korea did not export any services to Romania.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $612M to South Korea. The main products exported from Romania to South Korea were Corn ($146M), Motor vehicles; parts and accessories (8701 to 8705) ($48.2M), and Non-Knit Women's Coats ($34.6M). During the last 5 years the exports of Romania to South Korea have increased at an annualized rate of 10.9%, from $364M in 2017 to $612M in 2022.

In 2017, South Korea exported $575M to Romania. The main products exported from South Korea to Romania were Cars ($59.5M), Large Flat-Rolled Stainless Steel ($42.6M), and Coated Flat-Rolled Iron ($36.3M). During the last 5 years the exports of South Korea to Romania have increased at an annualized rate of 0.56%, from $501M in 2022 to $575M in 2017.

Exports from Romania (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and South Korea (Flag)

Romania Exports

South Korea Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Romania than South Korea included Germany ($18.8B), Bulgaria ($3.9B), and Italy ($9.55B).

In 2022, countries that imported more from South Korea than Romania included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - South Korea

Flow
Scale

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

During 2022, Romania had a large net trade with South Korea in the exports of Machines ($194M), Vegetable Products ($157M), and Textiles ($97.8M).

During 2017, South Korea had a large net trade with Romania in the exports of Metals ($140M), Machines ($124M), and Plastics and Rubbers ($83.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania South Korea+$44.7MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential South Korea Romania+$43.4MCars

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

Product Space of Romania (Flag) and South Korea (Flag) (2022)

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