2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Romania-Norway Trade: In 2022, Romania exported $559M to Norway. The main products that Romania exported to Norway were Other Sea Vessels ($173M), Passenger and Cargo Ships ($91.7M), and Medical Instruments ($30.6M). Over the past 5 years the exports of Romania to Norway have increased at an annualized rate of 8.4%, from $374M in 2017 to $559M in 2022.

In 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) being the largest in terms of value.

Norway-Romania Trade: In 2022, Norway exported $213M to Romania. The main products that Norway exported to Romania were Crude Petroleum ($61.4M), Non-fillet Fresh Fish ($16.6M), and Mixed Mineral or Chemical Fertilizers ($13M). Over the past 5 years the exports of Norway to Romania have increased at an annualized rate of 15.3%,  from $105M in 2017 to $213M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $559M to Norway. The main products exported from Romania to Norway were Other Sea Vessels ($173M), Passenger and Cargo Ships ($91.7M), and Medical Instruments ($30.6M). During the last 5 years the exports of Romania to Norway have increased at an annualized rate of 8.4%, from $374M in 2017 to $559M in 2022.

In 2017, Norway exported $213M to Romania. The main products exported from Norway to Romania were Crude Petroleum ($61.4M), Non-fillet Fresh Fish ($16.6M), and Mixed Mineral or Chemical Fertilizers ($13M). During the last 5 years the exports of Norway to Romania have increased at an annualized rate of 15.3%, from $105M in 2022 to $213M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Norway (Flag)

Romania Exports

Norway Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Romania than Norway included Hungary ($6.75B), Bulgaria ($3.9B), and Italy ($9.55B).

In 2022, countries that imported more from Norway than Romania included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Romania - Norway

Flow
Scale

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

During 2022, Romania had a large net trade with Norway in the exports of Transportation ($277M), Machines ($107M), and Instruments ($40.1M).

During 2017, Norway had a large net trade with Romania in the exports of Mineral Products ($61.6M), Machines ($56.3M), and Animal Products ($25.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Norway+$12.1MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Norway Romania+$69MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with