Uzbekistan ramps up imports of Kazakh wheat to five-year high
Uzbekistan’s 8M23 wheat imports from Kazakhstan reached the highest level seen in five years, Trend has reported, citing official data.
Imports amounted to 3.88mn tonnes, up 50% y/y. Uzbekistan thus accounted for half of Kazakhstan’s wheat exports in the first two-thirds of the year. In full-year 2022, the Uzbek market purchased 45% of wheat shipped by Central Asia’s largest economy.
Uzbekistan-Kazakhstan trade turnover reached $5.0bn in 2022, marking a 29.8% y/y expansion. Kazakh goods imported by Uzbekistan, Central Asia’s second largest economy, increased by 33% to $3.7bn.
Kazakhstan’s supplies of ore and copper concentrates grew by 4.8 times, wheat exports moved up 32.3%, passenger cars 83.7%, fresh and chilled beef by 4.1-fold and unprocessed aluminium 70.4%.
Uzbekistan’s 2022 exports to Kazakhstan rose by 21.4% to $1.3bn.
Kazakhstan mainly buys car bodies, spark-ignition internal combustion engines, grapes, flat-rolled products made of unalloyed clad steel, building bricks, floor blocks and similar ceramic products, parts and accessories for cars and tractors ad ethylene polymers from Uzbekistan.
Asian Development Bank (ADB) has approved a $350mn policy-based loan to aid Kazakhstan's fiscal governance and financial sector reforms in order to bolster the ... more
About a dozen new countries are expected to start producing electricity from nuclear power sources within the next few years, according to the director general of the International Atomic Energy ... more
Kazakhstan has initiated the construction of a new 152-kilometre Darbaza-Maktaaral railway line on the border with Uzbekistan, the press service of the Kazakh prime minister has announced.
Since ... more
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