Romania-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $21.60B total volume •Romania deficit: $1.08B
Romania → Italy
$10.26B
Exports (2023)
Italy → Romania
$11.34B
Imports (2023)
Trade Balance
$1.08B
Deficit for Romania
Total Trade
$21.60B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Romania and Italy. Green line shows exports from Romania, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Romania-Italy commercial relationship and competitive positioning in global markets.
Romania → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Romania's export portfolio to Italy demonstrates strong diversification across multiple sectors, with vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc representing a key competitive advantage in this bilateral market.
Italy → Romania Imports
Import Dependency Profile
📦 Import Strategy Analysis
Romania's import pattern from Italy reveals strategic sourcingin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Romania demonstrates competitive strength in exportingvehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $21.60B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Romania-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $21.60 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Romania maintains a deficit of $1.08 billion
- Export Focus: Romania's primary exports include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc, telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power
- Import Dependencies: Key imports from Italy include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or non-alloy steel: flat-rolled, width 600mm or more, painted, varnished or coated with plastics, vehicle parts: gear boxes and parts thereof
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $21.60B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Romania leveraging its comparative advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Romania's specialization in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cccomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $21.60B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $21.60B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $21.60 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Romania's trade deficit of $1.08 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Romania and Italy represents a total trade volume of $21.60 billion in 2023. This partnership demonstrates an unfavorable trade balance for Romania, with imports exceeding exportsby $1.08 billion.
Export Strengths
Romania's exports to Italy total $10.26 billion, with competitive advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc, representing $679.91M or6.6% of bilateral exports.
Import Dependencies
Imports from Italy amount to $11.34 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising2.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Romania's strategic sourcing from Italy. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Romania and Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023