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2023
Flag → Flag
Exports $163MRnk 56 / 199
2023
Flag → Flag
Top Product $43.2MPassenger and Cargo Ships
2023
Flag → Flag
Exports $2.65BRnk 13 / 144
2023
Flag → Flag
Top Product $2.52BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
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GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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 GDP$263BCURRENT US$
Rnk 50 / 195
2013-2023
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GDP GROWTH11%CURRENT US$
Rnk 153 / 195
2023
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GDP PC $18,404CURRENT US$
Rnk 66 / 195
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC$12,919CURRENT US$
Rnk 79 / 196
2013-2023
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GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Romania-Kazakhstan Trade: In 2023, Romania exported $163M to Kazakhstan. The main products that Romania exported to Kazakhstan were Passenger and Cargo Ships ($43.2M), Packaged Medicaments ($20.6M), and Electric Heaters ($13.4M). Over the past 5 years the exports of Romania to Kazakhstan have decreased at an annualized rate of 1.57%, from $177M in 2018 to $163M in 2023.

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

Kazakhstan-Romania Trade: In 2023, Kazakhstan exported $2.65B to Romania. The main products that Kazakhstan exported to Romania were Crude Petroleum ($2.52B), Radioactive Chemicals ($59.8M), and Petroleum Gas ($40M). Over the past 5 years the exports of Kazakhstan to Romania have increased at an annualized rate of 12.9%,  from $1.45B in 2018 to $2.65B in 2023.

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

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $163M to Kazakhstan. The main products exported from Romania to Kazakhstan were Passenger and Cargo Ships ($43.2M), Packaged Medicaments ($20.6M), and Electric Heaters ($13.4M). During the last 5 years the exports of Romania to Kazakhstan have decreased at an annualized rate of 1.57%, from $177M in 2018 to $163M in 2023.

In 2018, Kazakhstan exported $2.65B to Romania. The main products exported from Kazakhstan to Romania were Crude Petroleum ($2.52B), Radioactive Chemicals ($59.8M), and Petroleum Gas ($40M). During the last 5 years the exports of Kazakhstan to Romania have increased at an annualized rate of 12.9%, from $1.45B in 2023 to $2.65B in 2018.

Exports from Romania (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Romania (Flag) (2023)

Latest Data

Trade between Romania (Flag) and Kazakhstan (Flag)

Romania Exports

Kazakhstan Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$19.9B
Kazakhstan
Top DestinationChina$15.2B

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

In 2023, countries that imported more from Romania than Kazakhstan included Germany ($19.9B), Italy ($10.2B), and Bulgaria ($4.03B).

In 2023, countries that imported more from Kazakhstan than Romania included China ($15.2B), Russia ($9.78B), and United Kingdom ($14.3B).

Difference in imports from Kazakhstan (Flag) and Romania (Flag) (2023)

Comparative Advantage Romania - Kazakhstan

Flow
Scale

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

During 2023, Romania had a large net trade with Kazakhstan in the exports of Transportation ($46.3M), Machines ($41.6M), and Chemical Products ($30.1M).

During 2018, Kazakhstan had a large net trade with Romania in the exports of Mineral Products ($2.56B), Chemical Products ($60.1M), and Metals ($17.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Kazakhstan+$6.83MPackaged Medicaments
Top Product Potential Kazakhstan Romania+$63.5MPetroleum Gas

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 Romania and Kazakhstan. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Kazakhstan. Similarly, a dot/product with the flag of Kazakhstan indicates it has a comparative advantage over Romania.

Product Space of Romania (Flag) and Kazakhstan (Flag) (2023)

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