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2022
Flag → Flag
Exports $7.88BRnk 10 / 219
2022
Flag → Flag
Top Product $961MRefined Petroleum
2022
Flag → Flag
Exports $3.16BRnk 8 / 196
2022
Flag → Flag
Top Product $452MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

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.

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.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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
Value

In 2022, 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 2017 to $7.88B in 2022.

In 2017, 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 2022 to $3.16B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Romania (Flag)

Turkey Exports

Romania Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Romania
Top DestinationGermany$18.8B

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

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

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

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

Comparative Advantage Turkey - Romania

Flow
Scale

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

During 2022, Turkey had a large net trade with Romania in the exports of Mineral Products ($2.04B), Metals ($1.72B), and Machines ($743M).

During 2017, Romania had a large net trade with Turkey in the exports of Metals ($867M), Machines ($712M), and Transportation ($604M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Romania+$83.4MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Romania Turkey+$186MCars

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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Bilateral Service Trade

Tur Year

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.

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.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Romania (Flag) (2009)

Services Exports from Romania (Flag) to Turkey (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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