Iran (IRN) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Iran-Romania Trade: In 2022, Iran exported $71.4M to Romania. The main products that Iran exported to Romania were Styrene Polymers ($39.6M), Petroleum Jelly ($4.77M), and Ethylene Polymers ($3.12M). Over the past 5 years the exports of Iran to Romania have increased at an annualized rate of 1.22%, from $67.2M in 2017 to $71.4M in 2022.

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

Romania-Iran Trade: In 2022, Romania exported $246M to Iran. The main products that Romania exported to Iran were Corn ($108M), Barley ($99M), and Seed Oils ($33.5M). Over the past 5 years the exports of Romania to Iran have decreased at an annualized rate of 13%, from $492M in 2017 to $246M in 2022.

In 2011, Romania exported services to Iran worth $2.75M, with Services not allocated ($1.53M), Travel ($1.22M), and Communications services ($305k) being the largest in terms of value.

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $71.4M to Romania. The main products exported from Iran to Romania were Styrene Polymers ($39.6M), Petroleum Jelly ($4.77M), and Ethylene Polymers ($3.12M). During the last 5 years the exports of Iran to Romania have increased at an annualized rate of 1.22%, from $67.2M in 2017 to $71.4M in 2022.

In 2017, Romania exported $246M to Iran. The main products exported from Romania to Iran were Corn ($108M), Barley ($99M), and Seed Oils ($33.5M). During the last 5 years the exports of Romania to Iran have decreased at an annualized rate of 13%, from $492M in 2022 to $246M in 2017.

Exports from Iran () to Romania () (2022)

Exports from Romania () to Iran () (2022)

Latest Data

Trade between Iran () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Iran than Romania included China ($5.72B), Kuwait ($960M), and Armenia ($557M).

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

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

Comparative Advantage Iran - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Romania in the exports of Plastics and Rubbers ($47.3M), Stone And Glass ($5.49M), and Mineral Products ($4.93M).

During 2017, Romania had a large net trade with Iran in the exports of Vegetable Products ($207M), Animal and Vegetable Bi-Products ($33.5M), and Machines ($2.14M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Romania+$5.27MEthylene Polymers

Top Product Potential Romania Iran+$14.4MCorn

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 Iran and Romania. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Romania () (2022)

Exports from Romania () to Iran () (2022)

Latest Data

Trade between Iran () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Iran - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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