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Kazakhstan's export to EU down in 1H2020

Business Materials 15 August 2020 15:56 (UTC +04:00)
Kazakhstan's export to EU down in 1H2020

BAKU, Azerbaijan, Aug.15

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and EU countries amounted to $13.1 billion over 1H2020, compared to $15.4 billion during the same period of 2019, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of EU countries in the total value of Kazakhstan’s trade turnover stood at less than 31 percent during the reporting period compared to 33.5 percent during the same period of 2019.

Kazakhstan’s export to EU countries amounted to $10.4 billion over the period from January through June 2020, compared to $12.4 billion during the same period of 2019.

EU countries’ share in the total volume of Kazakhstan’s export amounted to less than 40.2 percent during the reporting period of 2020 compared to 43.5 percent during the same period of 2019.

In turn, Kazakhstan’s imports from EU countries slightly exceeded $2.7 billion over the reporting period, compared to $2.9 billion during the same period of 2019.

EU countries’ share in the total volume of Kazakhstan’s import amounted to 16.5 percent during the reporting period of 2020 compared to 17 percent during the same period of 2019.

The total volume of Kazakhstan’s trade turnover amounted to $42.5 billion over the period from Jan. through June 2020 which indicates a decrease from $46.1 billion during the same period of 2019.

Kazakhstan’s export amounted to $26 billion during the reporting period of 2020 ($28.6 billion in the same period of 2019), whereas import amounted to $16.5 billion ($17.5 billion in 2019).

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