Thailand (THA) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Thailand-Romania Trade: In 2023, Thailand exported $323M to Romania. The main products that Thailand exported to Romania were Rubber ($56.6M), Broadcasting Equipment ($52.1M), and Printed Circuit Boards ($49.5M). Over the past 5 years the exports of Thailand to Romania have increased at an annualized rate of 8.13%, from $219M in 2018 to $323M in 2023.

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

Romania-Thailand Trade: In 2023, Romania exported $192M to Thailand. The main products that Romania exported to Thailand were Wheat ($43.2M), Insulated Wire ($21.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($18M). Over the past 5 years the exports of Romania to Thailand have increased at an annualized rate of 10.4%, from $117M in 2018 to $192M in 2023.

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 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $323M to Romania. The main products exported from Thailand to Romania were Rubber ($56.6M), Broadcasting Equipment ($52.1M), and Printed Circuit Boards ($49.5M). During the last 5 years the exports of Thailand to Romania have increased at an annualized rate of 8.13%, from $219M in 2018 to $323M in 2023.

In 2018, Romania exported $192M to Thailand. The main products exported from Romania to Thailand were Wheat ($43.2M), Insulated Wire ($21.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($18M). During the last 5 years the exports of Romania to Thailand have increased at an annualized rate of 10.4%, from $117M in 2023 to $192M in 2018.

Exports from Thailand () to Romania () (2023)

Exports from Romania () to Thailand () (2023)

Latest Data

Trade between Thailand () and Romania ()

Thailand Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from Thailand than Romania included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

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

Comparative Advantage Thailand - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Romania in the exports of Machines ($178M), Plastics and Rubbers ($94.8M), and Transportation ($12.4M).

During 2018, Romania had a large net trade with Thailand in the exports of Machines ($69.2M), Vegetable Products ($43.2M), and Transportation ($20M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Rou Year

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 () to Thailand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Romania () (2023)

Exports from Romania () to Thailand () (2023)

Latest Data

Trade between Thailand () and Romania ()

Thailand Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Thailand - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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