2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$1.41TCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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GDP PC 
$15,892CURRENT US$
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GDP PC GROWTH
77.9%CURRENT US$
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GDP PC
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
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About

Romania-Mexico Trade: In 2022, Romania exported $346M to Mexico. The main products that Romania exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($48.9M), Iron Pipes ($28.1M), and Electrical Control Boards ($17.9M). Over the past 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.29%, from $255M in 2017 to $346M in 2022.

In 2020, Romania exported services to Mexico worth $12.2M, with Transportation ($4.91M), Computer and information services ($3.31M), and Other business services ($3.08M) being the largest in terms of value.

Mexico-Romania Trade: In 2022, Mexico exported $77.9M to Romania. The main products that Mexico exported to Romania were Iron Pipes ($13.6M), Spark-Ignition Engines ($11M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.06M). Over the past 5 years the exports of Mexico to Romania have decreased at an annualized rate of 7.27%,  from $123M in 2017 to $77.9M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $346M to Mexico. The main products exported from Romania to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($48.9M), Iron Pipes ($28.1M), and Electrical Control Boards ($17.9M). During the last 5 years the exports of Romania to Mexico have increased at an annualized rate of 6.29%, from $255M in 2017 to $346M in 2022.

In 2017, Mexico exported $77.9M to Romania. The main products exported from Mexico to Romania were Iron Pipes ($13.6M), Spark-Ignition Engines ($11M), and Motor vehicles; parts and accessories (8701 to 8705) ($8.06M). During the last 5 years the exports of Mexico to Romania have decreased at an annualized rate of 7.27%, from $123M in 2022 to $77.9M in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Mexico (Flag)

Romania Exports

Mexico Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Mexico
Top Destination
United States$421B

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

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

In 2022, countries that imported more from Mexico than Romania included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Romania - Mexico

Flow
Scale

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

During 2022, Romania had a large net trade with Mexico in the exports of Machines ($150M), Metals ($53.4M), and Transportation ($49M).

During 2017, Mexico had a large net trade with Romania in the exports of Machines ($32.9M), Metals ($18.1M), and Transportation ($11.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Mexico+$72.4MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Romania+$23.4MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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