Kazakhstan`s trade turnover with Russia and Belarus increased $ 24.2 billion
Astana, Kazakhstan, May 12
By Daniyar Mukhtarov - Trend:
The trade turnover of Kazakhstan with partner countries in the Common Economic Space (Russia and Belarus) increased by $24.2 billion in the past four years, the head of the International Economic Integration Department of the Kazakh Ministry of Economy and Budget Planning Ernar Bakenov said.
"The growth of investment in manufacturing industry of Kazakhstan positively affects the structure of the country`s trade turnover with the partner-countries in the Customs Union and the Common Economic Space. The trade turnover of Kazakhstan with partner-countries grew by 88.3 percent and reached $24.2 billion from 2009 to 2013," he said at a press-conference held in Astana.
An increase by 62.7 percent is observed in the volume of exports to the countries of the Customs Union in recent years, according to the department head. The share of processed goods in the total exports to the countries of the Customs Union has increased from 44.9 percent to 54.6 percent ($ 3.2 billion in 2013).
Due to the increase in deliveries of finished goods up to $ 1.2 billion, two times, the total volume of exports of processed goods grew by 10.3 percent compared to 2010.
"There are also positive trends in the development of the export of vehicles," Bakenov said.
According to Bakenov, Kazakhstan started for the first time to export to the countries of the Customs Union trucks produced in the republic, exports of which increased from $ 1.4 million to $14.8 million, according to the ministry's representative.
Translated by S.I.
Edited by C.N.