Romania (ROU) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Romania-Portugal Trade: In 2023, Romania exported $557M to Portugal. The main products that Romania exported to Portugal were Cars ($123M), Sunflower Seeds ($57.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($36.7M). Over the past 5 years the exports of Romania to Portugal have increased at an annualized rate of 10.3%, from $342M in 2018 to $557M in 2023.

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

Portugal-Romania Trade: In 2023, Portugal exported $651M to Romania. The main products that Portugal exported to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($122M), Metal Molds ($51.7M), and Gas Turbines ($38.8M). Over the past 5 years the exports of Portugal to Romania have increased at an annualized rate of 4.94%, from $511M in 2018 to $651M in 2023.

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $557M to Portugal. The main products exported from Romania to Portugal were Cars ($123M), Sunflower Seeds ($57.3M), and Motor vehicles; parts and accessories (8701 to 8705) ($36.7M). During the last 5 years the exports of Romania to Portugal have increased at an annualized rate of 10.3%, from $342M in 2018 to $557M in 2023.

In 2018, Portugal exported $651M to Romania. The main products exported from Portugal to Romania were Motor vehicles; parts and accessories (8701 to 8705) ($122M), Metal Molds ($51.7M), and Gas Turbines ($38.8M). During the last 5 years the exports of Portugal to Romania have increased at an annualized rate of 4.94%, from $511M in 2023 to $651M in 2018.

Exports from Romania () to Portugal () (2023)

Exports from Portugal () to Romania () (2023)

Latest Data

Trade between Romania () and Portugal ()

Romania Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Romania than Portugal included Germany ($19.9B), Italy ($10.2B), and Bulgaria ($4.03B).

In 2023, countries that imported more from Portugal than Romania included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

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

Comparative Advantage Romania - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Portugal in the exports of Transportation ($169M), Vegetable Products ($149M), and Machines ($94.3M).

During 2018, Portugal had a large net trade with Romania in the exports of Machines ($223M), Transportation ($177M), and Textiles ($78.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Portugal+$33.3MCars

Top Product Potential Portugal Romania+$21.1MMotor 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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Bilateral Service Trade

Prt Year

Rou Year

In 2020, Romania exported services to Portugal worth $58.3M, with Transportation ($24.8M), Other business services ($9.48M), and Computer and information services ($8.68M) being the largest in terms of value.

In 2020, Portugal exported services to Romania worth $25.1M, with Travel ($25.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Portugal () 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 Portugal. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Romania.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Portugal () (2023)

Exports from Portugal () to Romania () (2023)

Latest Data

Trade between Romania () and Portugal ()

Romania Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Romania - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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