2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
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About

Romania-Hong Kong Trade: In 2022, Romania exported $63.3M to Hong Kong. The main products that Romania exported to Hong Kong were Broadcasting Equipment ($9.91M), Integrated Circuits ($9.82M), and Ball Bearings ($9.28M). Over the past 5 years the exports of Romania to Hong Kong have decreased at an annualized rate of 4.46%, from $79.5M in 2017 to $63.3M in 2022.

In 2020, Romania exported services to Hong Kong worth $28.4M, with Computer and information services ($7.54M), Communications services ($6.85M), and Transportation ($6.62M) being the largest in terms of value.

Hong Kong-Romania Trade: In 2022, Hong Kong exported $663M to Romania. The main products that Hong Kong exported to Romania were Printed Circuit Boards ($170M), Integrated Circuits ($116M), and Broadcasting Equipment ($72.7M). Over the past 5 years the exports of Hong Kong to Romania have increased at an annualized rate of 29.2%,  from $30.6M in 2017 to $663M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $63.3M to Hong Kong. The main products exported from Romania to Hong Kong were Broadcasting Equipment ($9.91M), Integrated Circuits ($9.82M), and Ball Bearings ($9.28M). During the last 5 years the exports of Romania to Hong Kong have decreased at an annualized rate of 7,23%, from $19.6M in 2017 to $63.3M in 2022.

In 2017, Hong Kong exported $663M to Romania. The main products exported from Hong Kong to Romania were Printed Circuit Boards ($170M), Integrated Circuits ($116M), and Broadcasting Equipment ($72.7M). During the last 5 years the exports of Hong Kong to Romania have increased at an annualized rate of 3,19%, from $436k in 2022 to $663M in 2017.

Exports from Romania (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Hong Kong (Flag)

Romania Exports

Hong Kong Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Romania than Hong Kong included Germany ($18.8B), Italy ($9.55B), and France ($5.73B).

In 2022, countries that imported more from Hong Kong than Romania included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Hong Kong

Flow
Scale

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

During 2022, Romania had a large net trade with Hong Kong in the exports of Machines ($42.5M), Transportation ($5.48M), and Plastics and Rubbers ($3.87M).

During 2017, Hong Kong had a large net trade with Romania in the exports of Machines ($587M), Instruments ($25.2M), and Precious Metals ($9.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Hong Kong+$22MTelephones
Top Product Potential Hong Kong Romania+$38.2MTelephones

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

Product Space of Romania (Flag) and Hong Kong (Flag) (2022)

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