Kazakhstan (KAZ) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Kazakhstan-Romania Trade: In 2022, Kazakhstan exported $2.41B to Romania. The main products that Kazakhstan exported to Romania were Crude Petroleum ($2.29B), Petroleum Gas ($39.9M), and Hot-Rolled Iron ($39.5M). Over the past 5 years the exports of Kazakhstan to Romania have increased at an annualized rate of 19.6%, from $985M in 2017 to $2.41B in 2022.

In 2022, Kazakhstan did not export any services to Romania.

Romania-Kazakhstan Trade: In 2022, Romania exported $81.6M to Kazakhstan. The main products that Romania exported to Kazakhstan were Air Pumps ($17M), Packaged Medicaments ($10.6M), and Other Heating Machinery ($5.99M). Over the past 5 years the exports of Romania to Kazakhstan have increased at an annualized rate of 7.79%, from $56.1M in 2017 to $81.6M in 2022.

In 2022, Romania did not export any services to Kazakhstan.

Comparison: In 2022, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Kazakhstan exported $2.41B to Romania. The main products exported from Kazakhstan to Romania were Crude Petroleum ($2.29B), Petroleum Gas ($39.9M), and Hot-Rolled Iron ($39.5M). During the last 5 years the exports of Kazakhstan to Romania have increased at an annualized rate of 19.6%, from $985M in 2017 to $2.41B in 2022.

In 2017, Romania exported $81.6M to Kazakhstan. The main products exported from Romania to Kazakhstan were Air Pumps ($17M), Packaged Medicaments ($10.6M), and Other Heating Machinery ($5.99M). During the last 5 years the exports of Romania to Kazakhstan have increased at an annualized rate of 7.79%, from $56.1M in 2022 to $81.6M in 2017.

Exports from Kazakhstan () to Romania () (2022)

Exports from Romania () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Romania ()

Kazakhstan Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$13.4B

Romania
Top DestinationGermany$18.8B

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

In 2022, countries that imported more from Kazakhstan than Romania included China ($13.4B), Russia ($8.78B), and United Kingdom ($8.01B).

In 2022, countries that imported more from Romania than Kazakhstan included Germany ($18.8B), Hungary ($6.75B), and Bulgaria ($3.9B).

Difference in imports from Romania () and Kazakhstan () (2022)

Comparative Advantage Kazakhstan - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kazakhstan had a large net trade with Romania in the exports of Mineral Products ($2.34B), Metals ($65.1M), and Foodstuffs ($7.15M).

During 2017, Romania had a large net trade with Kazakhstan in the exports of Machines ($42.8M), Chemical Products ($17.5M), and Metals ($4.58M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Romania+$63.5MPetroleum Gas

Top Product Potential Romania Kazakhstan+$6.83MPackaged Medicaments

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Romania () (2022)

Exports from Romania () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Romania ()

Kazakhstan Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Kazakhstan () (2022)

Comparative Advantage Kazakhstan - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kazakhstan () and Romania () (2022)

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