Kazakhstan exports goods for $55B

Business Materials 12 February 2019 17:40 (UTC +04:00)

Baku, Azerbaijan, Feb. 12

By Rashid Shirinov – Trend:

Kazakhstan's exports of goods in the first 11 months of 2018 increased by 26.4 percent year-on-year to $54.7 billion, Trend reports via Kazakh media.

According to the Association of Financiers of Kazakhstan, export of oil and gas condensate accounts for some 89 percent of this increase.

Revenues from the sale of oil and gas condensate amounted to $33.7 billion or 61.7 percent of Kazakhstan's total exports in the 11 months of 2018. Aluminum, copper, and ferroalloys accounted for 8.7 percent of exports or $4.8 billion, and wheat was sold for $0.86 billion, 1.6 percent of total exports.

Italy remains the main buyer of Kazakh oil, accounting for 30.9 percent of all oil exports. China holds the lead in the import of Kazakh copper (54.8 percent), natural gas (47.1 percent), ferroalloys (35.8 percent), and products of inorganic chemistry (34.2 percent).

At the same time, the Netherlands is the main buyer of Kazakh oil products from bituminous rocks (70.4 percent) and fuel oil (78.4 percent) for, while Russia imports Kazakh flat products (67 percent), Uzbekistan – wheat (29.1 percent), and Turkey – aluminum (33.8 percent).


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