2022
Flag  
GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
 GDP
$495BCURRENT US$
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2012-2022
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GDP GROWTH
24.6%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$6,909CURRENT US$
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2012-2022
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GDP PC GROWTH
20.2%CURRENT US$
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About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $77.6M in 2022.

In 2017, 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 2022 to $292M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Thailand (Flag)

Romania Exports

Thailand Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Thailand
Top Destination
United States$53.4B

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

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

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

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

Comparative Advantage Romania - Thailand

Flow
Scale

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

During 2022, Romania had a large net trade with Thailand in the exports of Machines ($30.9M), Metals ($13.4M), and Instruments ($7.31M).

During 2017, Thailand had a large net trade with Romania in the exports of Machines ($125M), Plastics and Rubbers ($87M), and Instruments ($23.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Thailand+$19.8MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Romania+$35.3MTelephones

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

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

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

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