Vietnam (VNM) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Vietnam-Romania Trade: In 2022, Vietnam exported $362M to Romania. The main products that Vietnam exported to Romania were Electric Batteries ($103M), Non-Retail Synthetic Filament Yarn ($29.4M), and Other Cloth Articles ($15.2M). Over the past 5 years the exports of Vietnam to Romania have increased at an annualized rate of 15.6%, from $175M in 2017 to $362M in 2022.

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

Romania-Vietnam Trade: In 2022, Romania exported $81.6M to Vietnam. The main products that Romania exported to Vietnam were Packaged Medicaments ($10.1M), Animal Meal and Pellets ($6.96M), and Combed Wool or Animal Hair Fabric ($6.17M). Over the past 5 years the exports of Romania to Vietnam have decreased at an annualized rate of 0.72%, from $84.6M in 2017 to $81.6M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $362M to Romania. The main products exported from Vietnam to Romania were Electric Batteries ($103M), Non-Retail Synthetic Filament Yarn ($29.4M), and Other Cloth Articles ($15.2M). During the last 5 years the exports of Vietnam to Romania have increased at an annualized rate of 15.6%, from $175M in 2017 to $362M in 2022.

In 2017, Romania exported $81.6M to Vietnam. The main products exported from Romania to Vietnam were Packaged Medicaments ($10.1M), Animal Meal and Pellets ($6.96M), and Combed Wool or Animal Hair Fabric ($6.17M). During the last 5 years the exports of Romania to Vietnam have decreased at an annualized rate of 0.72%, from $84.6M in 2022 to $81.6M in 2017.

Exports from Vietnam () to Romania () (2022)

Exports from Romania () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Romania ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Vietnam than Romania included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

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

Comparative Advantage Vietnam - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Romania in the exports of Machines ($149M), Textiles ($58.9M), and Plastics and Rubbers ($25.9M).

During 2017, Romania had a large net trade with Vietnam in the exports of Machines ($22M), Textiles ($14.5M), and Chemical Products ($13.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Romania+$14.8MTelephones

Top Product Potential Romania Vietnam+$9.71MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Romania () (2022)

Exports from Romania () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Romania ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Romania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring