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Kazakhstan needs to strengthen trade coop with Russian regions

by May 31, 2017 Key Issues

The foreign trade turnover between Kazakhstan and Russia following the results of 2016 amounted to 12.6 billion dollars, which was 16.2% lower than in 2015. The export from Kazakhstan to Russia fell by 22.8% to 3.5 billion dollars.

This was due to the reduction in oil supplies by 554.8 million dollars from 610.9 to 56.1 million dollars, uranium by 256.2 million dollars from 502.7 to 246.5 million dollars, gold by 180.2 million dollars from 194.4 to 14.1 million dollars, hard coal by 74.9 million dollars from 249.6 to 174.7 million dollars, oil gas by 48.3 million dollars from 179.1 to 130.8 million dollars, ores and concentrates of ferrous and non-ferrous metals, etc.

The import of Kazakhstan from Russia amounted to 9.1 billion dollars, which was 13.3% lower than the 2015 indicator.

Thus, the imports of cars decreased by 423 million, from 621.9 million to 199 million dollars, aircraft (helicopters and aircraft) by 148 million dollars from 298.2 million to 150.2 million dollars, metal structures by 103.2 million dollars from 190 to 86.8 million dollars, oil products by 93.6 million from 733.8 million to 640.2 million dollars.

If we consider the mutual trade of Kazakhstan with the Russian districts, then Central Federal District ranks the first with a share of 36%, the second and the third place is shared by Privolzhsky and Ural federal districts – 19% each.

One of the most promising regions for the development of mutual trade, according to KAZAKH INVEST, is Privolzhsky Federal District. This is due to both territorial proximity and similar consumer preferences.

According to the Federal Customs Service of the Russian Federation, the foreign trade turnover between Kazakhstan and Privolzhsky Federal District (PFD) for 2016 amounted to 2.5 billion dollars, which was 29.4% lower than in 2015. The export from Kazakhstan to PFD decreased by 46.1% to 374.2 million dollars. Primarily, oil, chrome ore, copper scrap, aluminum, rolled metal, aluminum scrap, quartzite, bearings, etc. were supplied.

The import to Kazakhstan from PFD amounted to 2.2 billion dollars, which was 25.5% lower than in 2015. Petroleum products, polyethylene, sunflower oil, disodium carbonate, medicines, tires, parts of motor vehicles, metal structures, etc., were imported.

In the mutual trade of Kazakhstan with the subjects of PFD, a quarter of all trade deliveries occurred in Orenburg region, 17% in Tatarstan, 15% in Bashkortostan, 13% in Samara region, and 8% in Nizhny Novgorod region.

Source: Kazakhstan 2050