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Kazakhstani export down 4.5% in 2019

by January 9, 2020 Market

Kazakhstan’s exports decreased 4.5% in the first 10 months of 2019 and exports fell from 65.1% of all trade volume to 60.4%, Astana Times reports citing official data.

Exports decreased from $50 billion in 2018 to $47.7 billion in 2019.

At the same time, trade turnover increased 3 percent compared with the same period in 2018, amounting to $79.1 billion. Import increased 17 percent in 2019, from $26.8 billion to 31.4 million. The share of import in total trade increased from 34.9 percent to 39.6 percent in 2019.

Mineral products made up the largest share of exports in 2019 at 73 percent of total exports, or $34.8 billion. Of this, $32 billion came from fuel and energy products. Metals and metal products amounted to $6.5 billion or 13.7 percent of the total exports; animal and vegetable products and finished food products made up $2.6 billion, or 5.4 percent.

Major export product groups also included chemical products and related industries ($2.2 billion) and machinery, equipment, vehicles, appliances and apparatus ($930.1 million).

Source: Central Asian News Services