2022
Flag  
GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 186
2022
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 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC 
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186
2022
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GDP PC
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186

About

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
Value

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 (Flag) to Romania (Flag) (2022)

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

Latest Data

Trade between Kazakhstan (Flag) and Romania (Flag)

Kazakhstan Exports

Romania Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$13.4B
Romania
Top Destination
Germany$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 (Flag) and Kazakhstan (Flag) (2022)

Comparative Advantage Kazakhstan - Romania

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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