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Kazakhstan's export to China surge despite COVID-19

Business Materials 24 September 2020 23:58 (UTC +04:00)
Kazakhstan's export to China surge despite COVID-19

BAKU, Azerbaijan, Sept.24

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and China amounted to $8.5 billion over the first seven months of 2020, compared to $8.2 billion during the same period of 2019, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of China in the total value of Kazakhstan’s trade turnover stood at 17.6 percent during the reporting period compared to 15.2 percent during the same period of 2019.

Kazakhstan’s export to China amounted to $5.5 billion over the period from January through July 2020, compared to $4.6 billion during the same period of 2019

China’s share in the total volume of Kazakhstan’s export amounted to 19.4 percent during the reporting period of 2020 compared to 14 percent during the same period of 2019.

In turn, Kazakhstan’s imports from China amounted to nearly $3.02 billion over the reporting period, compared to $3.5 billion during the same period of 2019.

China’s share in the total volume of Kazakhstan’s import amounted to 15 percent during the reporting period of 2020 compared to 16.7 percent during the same period of 2019.

The total volume of Kazakhstan’s trade turnover amounted to $48.7 billion over the period from Jan. through July 2020 which indicates a decrease from $54.5 billion during the same period of 2019.

Kazakhstan’s export amounted to $28.6 billion during the reporting period of 2020 ($33.03 billion in the same period of 2019), whereas imports amounted to $20.1 billion ($21.5 billion in 2019).

During the reporting period, main articles of Kazakhstan and China trade turnover were food products, agricultural products, as well as products of the chemical industry.

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