ASTANA, Kazakhstan, November 4. Kazakhstan’s industrial sector continues to show steady growth, said Olzhas Saparbekov, the country's Vice Minister of Industry and Construction, Trend reports.
Speaking at a press conference hosted by the Central Communications Service, Saparbekov highlighted positive trends in the manufacturing sector, projecting a 4 percent rise in production volume by the end of 2023 to $45.4 billion. Growth reached 4.8 percent in the first nine months of the year, with expectations to hit 5.1 percent by year-end.
Sectors driving growth include furniture production (up 17.9 percent), chemicals (9.5 percent), metallurgy (8.3 percent), and machine engineering (4.2 percent). Household appliance production also doubled to 170,000 units.
Exports of manufactured goods increased by 6.4 percent in the first eight months of 2024, totaling $17.8 billion. Key exports include industrial pumps, cables, trailers, and fittings, with main markets in Uzbekistan, Georgia, Azerbaijan, Italy, and the United Kingdom.
Oil and oil products dominate Kazakhstan's exports, accounting for roughly 66 percent, with additional raw materials such as copper and various ores making up the remainder.