EU countries become Kazakhstan’s main trade partners

Business Materials 9 February 2018 12:49 (UTC +04:00)
Kazakhstan exported over half of its products to the EU countries.

Baku, Azerbaijan, Feb. 9

By Ali Mustafayev – Trend:

Kazakhstan's foreign trade reached $69.5 billion in 11 months of 2017, which is 25.1 percent more than in the same period of 2016. Nearly 39 percent of this amount accounts for the EU countries.

More than 50 percent of Kazakh products (worth $21.8 billion) were exported to the countries of the European Union, which is 31 percent more than in 11 months of 2016.

The main export commodities supplied by Kazakhstan to the mentioned countries are oil products.

Import from the EU countries to Kazakhstan in 11 months of 2017 amounted to 19.3 percent ($5.1 billion) of all imported products to the country, which is 1.8 percent less year over year.

Kazakhstan’s leading trade partners among the EU countries are Italy (31.6 percent of total turnover with the EU), the Netherlands (16.8 percent of total turnover with the EU) and France (11.6 percent of total turnover with the EU).

In the mentioned period, Kazakhstan exported goods worth $8.7 billion to Italy (15.9 percent more than for the same period in 2016). Imports of Italian goods to Kazakhstan amounted to $945 million (13.1 percent more year over year).

The annual value of exports to the Netherlands reached $4.7 billion, 45.8 percent more year over year.

Exports of Kazakh goods to France amounted to $2.9 billion, which is a 59.7 percent increase, compared to 11 months of 2016, while imports from France to Kazakhstan amounted to $535.2 million (19 percent decrease).