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
$906BCURRENT US$
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2012-2022
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GDP GROWTH
2.89%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
$10,616CURRENT US$
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2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
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About

Romania-Turkey Trade: In 2022, Romania exported $3.16B to Turkey. The main products that Romania exported to Turkey were Scrap Iron ($452M), Cars ($396M), and Spark-Ignition Engines ($254M). Over the past 5 years the exports of Romania to Turkey have increased at an annualized rate of 4.62%, from $2.52B in 2017 to $3.16B in 2022.

In 2020, Romania exported services to Turkey worth $162M, with Transportation ($61.9M), Other business services ($56.4M), and Travel ($12.6M) being the largest in terms of value.

Turkey-Romania Trade: In 2022, Turkey exported $7.88B to Romania. The main products that Turkey exported to Romania were Refined Petroleum ($961M), Crude Petroleum ($818M), and Other Small Iron Pipes ($279M). Over the past 5 years the exports of Turkey to Romania have increased at an annualized rate of 18.2%,  from $3.41B in 2017 to $7.88B in 2022.

In 2009, Turkey exported services to Romania worth $7.23M, with Other business services ($6.2M) and Insurance services ($1.03M) being the largest in terms of value.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Romania exported $3.16B to Turkey. The main products exported from Romania to Turkey were Scrap Iron ($452M), Cars ($396M), and Spark-Ignition Engines ($254M). During the last 5 years the exports of Romania to Turkey have increased at an annualized rate of 4.62%, from $2.52B in 2017 to $3.16B in 2022.

In 2017, Turkey exported $7.88B to Romania. The main products exported from Turkey to Romania were Refined Petroleum ($961M), Crude Petroleum ($818M), and Other Small Iron Pipes ($279M). During the last 5 years the exports of Turkey to Romania have increased at an annualized rate of 18.2%, from $3.41B in 2022 to $7.88B in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Turkey (Flag)

Romania Exports

Turkey Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Turkey
Top Destination
Germany$21.9B

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

In 2022, countries that imported more from Romania than Turkey included Hungary ($6.75B), Moldova ($2.14B), and Slovakia ($1.9B).

In 2022, countries that imported more from Turkey than Romania included United States ($17.1B), Iraq ($13.7B), and United Kingdom ($13.7B).

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

Comparative Advantage Romania - Turkey

Flow
Scale

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

During 2022, Romania had a large net trade with Turkey in the exports of Metals ($867M), Machines ($712M), and Transportation ($604M).

During 2017, Turkey had a large net trade with Romania in the exports of Mineral Products ($2.04B), Metals ($1.72B), and Machines ($743M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Turkey+$186MCars
Top Product Potential Turkey Romania+$83.4MMotor 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 Turkey. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Romania.

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

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