Kuwait (KWT) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Kuwait-Romania Trade: In 2023, Kuwait exported $60M to Romania. The main products that Kuwait exported to Romania were Refined Petroleum ($58.4M), Prefabricated Buildings ($485k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($433k). Over the past 5 years the exports of Kuwait to Romania have increased at an annualized rate of 164%, from $471k in 2018 to $60M in 2023.

In 2023, Kuwait did not export any services to Romania.

Romania-Kuwait Trade: In 2023, Romania exported $93.8M to Kuwait. The main products that Romania exported to Kuwait were Low-voltage Protection Equipment ($11.7M), Barley ($7.92M), and Valves ($7.1M). Over the past 5 years the exports of Romania to Kuwait have decreased at an annualized rate of 1.86%, from $103M in 2018 to $93.8M in 2023.

In 2023, Romania did not export any services to Kuwait.

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $60M to Romania. The main products exported from Kuwait to Romania were Refined Petroleum ($58.4M), Prefabricated Buildings ($485k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($433k). During the last 5 years the exports of Kuwait to Romania have increased at an annualized rate of 164%, from $471k in 2018 to $60M in 2023.

In 2018, Romania exported $93.8M to Kuwait. The main products exported from Romania to Kuwait were Low-voltage Protection Equipment ($11.7M), Barley ($7.92M), and Valves ($7.1M). During the last 5 years the exports of Romania to Kuwait have decreased at an annualized rate of 1.86%, from $103M in 2023 to $93.8M in 2018.

Exports from Kuwait () to Romania () (2023)

Exports from Romania () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Romania ()

Kuwait Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Kuwait than Romania included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Romania than Kuwait included Germany ($19.9B), Italy ($10.2B), and Hungary ($4.22B).

Difference in imports from Romania () and Kuwait () (2023)

Comparative Advantage Kuwait - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Romania in the exports of Mineral Products ($58.4M), Miscellaneous ($522k), and Chemical Products ($459k).

During 2018, Romania had a large net trade with Kuwait in the exports of Machines ($37.1M), Textiles ($11.3M), and Wood Products ($9.71M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Romania+$578kCars

Top Product Potential Romania Kuwait+$5.61MMotor 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Romania () (2023)

Exports from Romania () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Romania ()

Kuwait Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Kuwait () (2023)

Comparative Advantage Kuwait - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kuwait () and Romania () (2023)

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