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2022
Flag → Flag
Exports $292MRnk 58 / 218
2022
Flag → Flag
Top Product $47.2MRubber
2022
Flag → Flag
Exports $77.6MRnk 69 / 196
2022
Flag → Flag
Top Product $6.43MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Thailand-Romania Trade: In 2022, Thailand exported $292M to Romania. The main products that Thailand exported to Romania were Rubber ($47.2M), Printed Circuit Boards ($43.3M), and Rubber Tires ($20.6M). Over the past 5 years the exports of Thailand to Romania have increased at an annualized rate of 10.9%, from $174M in 2017 to $292M in 2022.

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

Romania-Thailand Trade: In 2022, Romania exported $77.6M to Thailand. The main products that Romania exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($6.43M), Iron Powder ($4.99M), and Rubber Pipes ($3.02M). Over the past 5 years the exports of Romania to Thailand have decreased at an annualized rate of 1.39%,  from $83.2M in 2017 to $77.6M in 2022.

In 2020, Romania exported services to Thailand worth $9.37M, with Computer and information services ($3.77M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $292M to Romania. The main products exported from Thailand to Romania were Rubber ($47.2M), Printed Circuit Boards ($43.3M), and Rubber Tires ($20.6M). During the last 5 years the exports of Thailand to Romania have increased at an annualized rate of 10.9%, from $174M in 2017 to $292M in 2022.

In 2017, Romania exported $77.6M to Thailand. The main products exported from Romania to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($6.43M), Iron Powder ($4.99M), and Rubber Pipes ($3.02M). During the last 5 years the exports of Romania to Thailand have decreased at an annualized rate of 1.39%, from $83.2M in 2022 to $77.6M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Romania (Flag)

Thailand Exports

Romania Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Thailand than Romania included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Romania

Flow
Scale

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

During 2022, Thailand had a large net trade with Romania in the exports of Machines ($125M), Plastics and Rubbers ($87M), and Instruments ($23.3M).

During 2017, Romania had a large net trade with Thailand in the exports of Machines ($30.9M), Metals ($13.4M), and Instruments ($7.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Romania+$35.3MTelephones
Top Product Potential Romania Thailand+$19.8MMotor 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

In 2020, Romania exported services to Thailand worth $9.37M, with Computer and information services ($3.77M), Other business services ($3.08M), and Transportation ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (Flag) to Thailand (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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