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Trade between Romania and South Korea

In 2024, Romania exported $677 million to South Korea and imported $899 million. Romania ran a deficit of $222 million with South Korea, compared with a deficit of $30 million in 2019. South Korea was Romania’s 28th largest trading partner (0.7% of its trade), and Romania was South Korea’s 62nd (0.1%).

Summary

Romania → South Korea
$677million
South Korea → Romania
$899million
Romania’s balance
-$222million

Balance

Romania’s trade balance with South Korea

Trade between Romania and South Korea grew 4-fold since 1995

USD millions (current). Romania’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 677
  • Imports 899
  • Balance -222

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$67 million$326 million-$259 million
1996$72 million$438 million-$366 million
1997$60 million$580 million-$520 million
1998$53 million$281 million-$228 million
1999$19 million$295 million-$276 million
2000$36 million$217 million-$180 million
2001$48 million$180 million-$133 million
2002$59 million$233 million-$174 million
2003$70 million$252 million-$182 million
2004$150 million$364 million-$215 million
2005$91 million$581 million-$491 million
2006$55 million$798 million-$743 million
2007$94 million$965 million-$872 million
2008$246 million$810 million-$565 million
2009$177 million$512 million-$335 million
2010$317 million$574 million-$258 million
2011$469 million$664 million-$195 million
2012$649 million$525 million$123 million
2013$733 million$516 million$217 million
2014$626 million$638 million-$12 million
2015$635 million$551 million$83 million
2016$553 million$582 million-$29 million
2017$454 million$469 million-$16 million
2018$420 million$498 million-$78 million
2019$493 million$523 million-$30 million
2020$509 million$568 million-$59 million
2021$630 million$539 million$91 million
2022$753 million$572 million$181 million
2023$896 million$629 million$267 million
2024$677 million$899 million-$222 million

What they sell each other

What Romania sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Corn$104 million · 15.3%
    342 thousand tonnes · South Korea’s sources
  2. Women's coats and jackets$52 million · 7.8%
    65 tonnes
  3. Refined petroleum$45 million · 6.6%
    69 thousand tonnes · Romania’s destinations
  4. Men's coats and jackets$39 million · 5.7%
    49 tonnes
  5. Auto parts$33 million · 4.8%
    1 thousand tonnes · Romania’s destinations
  6. Wheat$28 million · 4.1%
    96 thousand tonnes · Romania’s destinations
  7. Bags, suitcases and cases$24 million · 3.6%
    26 tonnes
  8. Liquid pumps$20 million · 3%
    342 tonnes
  9. Electric motors and generators$19 million · 2.9%
    469 tonnes
  10. Ball and roller bearings$15 million · 2.2%
    564 tonnes

What South Korea sells to Romania

The top 10 headings in 2024, with their share of the total.

  1. Nitrogen heterocyclic compounds$332 million · 37%
    8 tonnes
  2. Coated flat steel$46 million · 5.2%
    43 thousand tonnes
  3. Bombs, missiles and ammunition$35 million · 4%
    49 tonnes
  4. Vaccines, blood and antisera$34 million · 3.8%
    3 tonnes · South Korea’s destinations
  5. Stainless steel sheet$22 million · 2.5%
    11 thousand tonnes
  6. New tires$18 million · 2%
    3 thousand tonnes · South Korea’s destinations
  7. Hot-rolled flat steel$18 million · 2%
    27 thousand tonnes
  8. Microchips$16 million · 1.8%
    3 tonnes · South Korea’s destinations
  9. Plastic-coated fabric$16 million · 1.8%
    966 tonnes
  10. Auto parts$15 million · 1.7%
    2 thousand tonnes · South Korea’s destinations

How it travels

Estimated sea route from Constanța to Busan.

The estimated sea route between Constanța and Busan is 15,422 nautical miles (28,562 km) long: ≈ 35.5–46 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Bosporus, the Dardanelles, the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (15,422 nautical miles); and 15% via the Bosporus, the Dardanelles, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,643 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$757 million · 48%
  2. Air$819 million · 52%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Romania’s 28th largest trading partner (0.7% of its trade), and Romania was South Korea’s 62nd (0.1%).

South Korea in Romania’s trade
0.7%
South Korea’s rank among Romania’s partners
28th
Romania in South Korea’s trade
0.1%
Romania’s rank among South Korea’s partners
62nd

Compare with

Other partners of Romania

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.