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

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Kuwait-Romania Trade: In 2022, Kuwait exported $738k to Romania. The main products that Kuwait exported to Romania were Ethylene Polymers ($156k), Large Construction Vehicles ($97.3k), and Cars ($96.3k). Over the past 5 years the exports of Kuwait to Romania have increased at an annualized rate of 53.8%, from $85.8k in 2017 to $738k in 2022.

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

Romania-Kuwait Trade: In 2022, Romania exported $127M to Kuwait. The main products that Romania exported to Kuwait were Sawn Wood ($17.2M), Low-voltage Protection Equipment ($11.1M), and Air Pumps ($9.11M). Over the past 5 years the exports of Romania to Kuwait have increased at an annualized rate of 7.07%, from $90.1M in 2017 to $127M in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $738k to Romania. The main products exported from Kuwait to Romania were Ethylene Polymers ($156k), Large Construction Vehicles ($97.3k), and Cars ($96.3k). During the last 5 years the exports of Kuwait to Romania have increased at an annualized rate of 53.8%, from $85.8k in 2017 to $738k in 2022.

In 2017, Romania exported $127M to Kuwait. The main products exported from Romania to Kuwait were Sawn Wood ($17.2M), Low-voltage Protection Equipment ($11.1M), and Air Pumps ($9.11M). During the last 5 years the exports of Romania to Kuwait have increased at an annualized rate of 7.07%, from $90.1M in 2022 to $127M in 2017.

Exports from Kuwait () to Romania () (2022)

Exports from Romania () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Romania ()

Kuwait Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Romania
Top DestinationGermany$18.8B

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 2022, countries that imported more from Kuwait than Romania included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Romania than Kuwait included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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 2022, Kuwait had a large net trade with Romania in the exports of Plastics and Rubbers ($156k), Transportation ($148k), and Machines ($145k).

During 2017, Romania had a large net trade with Kuwait in the exports of Machines ($46.2M), Wood Products ($21.7M), and Textiles ($15M).

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 () (2022)

Exports from Romania () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Romania ()

Kuwait Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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