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Kazakhstan's trade with EAEU member states plummets

Business Materials 15 September 2020 12:19 (UTC +04:00)
Kazakhstan's trade with EAEU member states plummets

BAKU, Azerbaijan, Sept. 15

By Nargiz Sadikhova - Trend:

The value of mutual trade between Kazakhstan and other countries of Eurasian Economic Union (EAEU) amounted to $10.4 billion over the course from Jan. through Jul. 2020, which is 11.1 percent less compared to the same period of 2019, Trend reports with reference to the data of Kazakhstan’s Statistics Committee.

Some $2.8 billion of the figure account for export (decrease of 19.4 percent), whereas $7.5 billion account for import (decrease of 7.5 percent).

Russia leads by value of trade turnover with Kazakhstan in the structure of total trade turnover with EAEU countries (92.4 percent in the total share), while 4 percent account for Kyrgyzstan and 3.5 percent account for Belarus.

Some 12.6 percent of the import volume account for mineral products, 24.5 percent of the total import machinery, equipment, vehicles and tools category, while 14.9 percent account for metals and metal goods, 16.4 percent account for products of chemical and related industries.

Furthermore, 16.8 percent of the import account for products of animal and vegetable origin, including prepared food items. Lastly, 14.8 percent account for other imports.

In turn, major part of the export structure (42.6 percent) accounts for mineral products. Furthermore, 23.1 percent account for metals and articles of them, 14.1 percent for products of chemical and related industries, 10.1 percent for products of animal and vegetable origin, including prepared food items, 8 percent for machinery, equipment, vehicles and tools, and 2.1 percent account for other goods and products.

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Follow the author on twitter: @nargiz_sadikh

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