Romania (ROU) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Romania-Vietnam Trade: In 2022, Romania exported $81.6M to Vietnam. The main products that Romania exported to Vietnam were Packaged Medicaments ($10.1M), Animal Meal and Pellets ($6.96M), and Combed Wool or Animal Hair Fabric ($6.17M). Over the past 5 years the exports of Romania to Vietnam have decreased at an annualized rate of 0.72%, from $84.6M in 2017 to $81.6M in 2022.

In 2022, Romania did not export any services to Vietnam.

Vietnam-Romania Trade: In 2022, Vietnam exported $362M to Romania. The main products that Vietnam exported to Romania were Electric Batteries ($103M), Non-Retail Synthetic Filament Yarn ($29.4M), and Other Cloth Articles ($15.2M). Over the past 5 years the exports of Vietnam to Romania have increased at an annualized rate of 15.6%, from $175M in 2017 to $362M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $81.6M to Vietnam. The main products exported from Romania to Vietnam were Packaged Medicaments ($10.1M), Animal Meal and Pellets ($6.96M), and Combed Wool or Animal Hair Fabric ($6.17M). During the last 5 years the exports of Romania to Vietnam have decreased at an annualized rate of 0.72%, from $84.6M in 2017 to $81.6M in 2022.

In 2017, Vietnam exported $362M to Romania. The main products exported from Vietnam to Romania were Electric Batteries ($103M), Non-Retail Synthetic Filament Yarn ($29.4M), and Other Cloth Articles ($15.2M). During the last 5 years the exports of Vietnam to Romania have increased at an annualized rate of 15.6%, from $175M in 2022 to $362M in 2017.

Exports from Romania () to Vietnam () (2022)

Exports from Vietnam () to Romania () (2022)

Latest Data

Trade between Romania () and Vietnam ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Romania than Vietnam included Germany ($18.8B), Hungary ($6.75B), and Italy ($9.55B).

In 2022, countries that imported more from Vietnam than Romania included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam () and Romania () (2022)

Comparative Advantage Romania - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Vietnam in the exports of Machines ($22M), Textiles ($14.5M), and Chemical Products ($13.8M).

During 2017, Vietnam had a large net trade with Romania in the exports of Machines ($149M), Textiles ($58.9M), and Plastics and Rubbers ($25.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Vietnam+$9.71MPackaged Medicaments

Top Product Potential Vietnam Romania+$14.8MTelephones

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Vietnam () (2022)

Exports from Vietnam () to Romania () (2022)

Latest Data

Trade between Romania () and Vietnam ()

Romania Exports

Market Competitiveness

Difference in imports from Vietnam () and Romania () (2022)

Comparative Advantage Romania - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Vietnam () (2022)

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