The foreign trade surplus shrank by 21.9% y/y to USD 18.1bn, the State Stat Agency has informed. Kazakhstan’s foreign trade turnover amounted to USD 63.4bn, which is 1.8% y/y less than in the same period of previous year. In particular, imports stood at USD 22.6bn, which is 9.4% y/y increase in the reporting period. At the same time exports fell by 7.1% y/y down to USD 40.8bn.
The main export markets for Kazakhstan are Italy and China, which accounted for 16.4% and 15.8% respectively of Kazakhstan’s total exports in H1. They were followed by Netherlands (14.2%), Russia (7.7%) and France (6.9%).
Russia by far is the key imports origin as it accounted for 38% of total Kazakhstan’s imports in H1. Other partners in Kazakhstan’s imports include China (16.9%), Ukraine (4.9%), Germany (4.7%) and United States (4.6%).
Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more
Engineers have commenced the $6.3mn and three-month reconstruction of the 75-kilometre (47-mile) cross-border railway line that links Uzbekistan and Afghanistan, ... more
The Qatar Stock Exchange said in a statement that Qatar’s Lesha Bank has initiated discussions with the Kazakh national management holding Baiterek regarding the ... more