Turkey (TUR) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Turkey-Romania Trade: In 2023, Turkey exported $6.53B to Romania. The main products that Turkey exported to Romania were Refined Petroleum ($468M), Motor vehicles; parts and accessories (8701 to 8705) ($292M), and Other Small Iron Pipes ($251M). Over the past 5 years the exports of Turkey to Romania have increased at an annualized rate of 8.68%, from $4.31B in 2018 to $6.53B in 2023.

In 2009, Turkey exported services to Romania worth $7.23M, with Other business services ($6.2M) and Insurance services ($1.03M) being the largest in terms of value.

Romania-Turkey Trade: In 2023, Romania exported $3.76B to Turkey. The main products that Romania exported to Turkey were Cars ($559M), Scrap Iron ($378M), and Spark-Ignition Engines ($370M). Over the past 5 years the exports of Romania to Turkey have increased at an annualized rate of 6.46%, from $2.75B in 2018 to $3.76B in 2023.

In 2020, Romania exported services to Turkey worth $162M, with Transportation ($61.9M), Other business services ($56.4M), and Travel ($12.6M) being the largest in terms of value.

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $6.53B to Romania. The main products exported from Turkey to Romania were Refined Petroleum ($468M), Motor vehicles; parts and accessories (8701 to 8705) ($292M), and Other Small Iron Pipes ($251M). During the last 5 years the exports of Turkey to Romania have increased at an annualized rate of 8.68%, from $4.31B in 2018 to $6.53B in 2023.

In 2018, Romania exported $3.76B to Turkey. The main products exported from Romania to Turkey were Cars ($559M), Scrap Iron ($378M), and Spark-Ignition Engines ($370M). During the last 5 years the exports of Romania to Turkey have increased at an annualized rate of 6.46%, from $2.75B in 2023 to $3.76B in 2018.

Exports from Turkey () to Romania () (2023)

Exports from Romania () to Turkey () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Turkey than Romania included United Arab Emirates ($14.7B), Iraq ($12.8B), and United States ($15.9B).

In 2023, countries that imported more from Romania than Turkey included Hungary ($4.22B), Slovakia ($2.14B), and Moldova ($1.41B).

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

Comparative Advantage Turkey - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Romania in the exports of Metals ($1.49B), Machines ($927M), and Transportation ($847M).

During 2018, Romania had a large net trade with Turkey in the exports of Machines ($1.05B), Transportation ($836M), and Metals ($655M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Romania+$83.4MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Romania Turkey+$186MCars

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

Tur Year

2009

2008

In 2009, Turkey exported services to Romania worth $7.23M, with Other business services ($6.2M) and Insurance services ($1.03M) being the largest in terms of value.

In 2020, Romania exported services to Turkey worth $162M, with Transportation ($61.9M), Other business services ($56.4M), and Travel ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey () to Romania () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Romania () (2023)

Exports from Romania () to Turkey () (2023)

Market Competitiveness

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

Comparative Advantage Turkey - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Turkey () to Romania () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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