2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
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 GDP
$1.79TCURRENT US$
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2013-2023
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GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
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GDP PC GROWTH
93.8%CURRENT US$
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2023
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GDP PC
$13,790CURRENT US$
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2013-2023
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GDP PC GROWTH
22.9%CURRENT US$
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About

Romania-Mexico Trade: In 2023, Romania exported $565M to Mexico. The main products that Romania exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($104M), Low-voltage Protection Equipment ($35.9M), and Rubber Tires ($31.9M). Over the past 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.02%, from $422M in 2018 to $565M in 2023.

In 2020, Romania exported services to Mexico worth $12.2M, with Transportation ($4.91M), Computer and information services ($3.31M), and Other business services ($3.08M) being the largest in terms of value.

Mexico-Romania Trade: In 2023, Mexico exported $164M to Romania. The main products that Mexico exported to Romania were Cars ($18M), Iron Pipes ($17.3M), and Beer ($11.9M). Over the past 5 years the exports of Mexico to Romania have decreased at an annualized rate of 1.85%,  from $181M in 2018 to $164M in 2023.

In 2023, Mexico did not export any services to Romania.

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $565M to Mexico. The main products exported from Romania to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($104M), Low-voltage Protection Equipment ($35.9M), and Rubber Tires ($31.9M). During the last 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.02%, from $422M in 2018 to $565M in 2023.

In 2018, Mexico exported $164M to Romania. The main products exported from Mexico to Romania were Cars ($18M), Iron Pipes ($17.3M), and Beer ($11.9M). During the last 5 years the exports of Mexico to Romania have decreased at an annualized rate of 1.85%, from $181M in 2023 to $164M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Mexico (Flag)

Romania Exports

Mexico Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$19.9B
Mexico
Top Destination
United States$456B

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

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

In 2023, countries that imported more from Mexico than Romania included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Romania - Mexico

Flow
Scale

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

During 2023, Romania had a large net trade with Mexico in the exports of Machines ($280M), Transportation ($104M), and Plastics and Rubbers ($60.6M).

During 2018, Mexico had a large net trade with Romania in the exports of Machines ($71.9M), Transportation ($23.8M), and Metals ($20.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Mexico+$72.4MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Romania+$23.4MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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