Kazakhstan reports increase in prices of imported goods

Business Materials 16 December 2020 12:49 (UTC +04:00)
Kazakhstan reports increase in prices of imported goods

BAKU, Azerbaijan, Dec.16

By Nargiz Sadikhova - Trend:

The prices of goods imported by Kazakhstan have increased by 4.3 percent in Oct. 2020 as compared to Dec. 2019, and by 0.9 percent as compared by Sept. 2020, Trend reports citing Kazakhstan’s Statistics Committee.

Of the imported products, prices on vegetable oil increased by 9.6 percent, tobacco by 6.9 percent, sugar by 3.1 percent, coffee, tea by 0.5 percent each. In turn, poultry meat decreased in price by 4.1 percent, cocoa by 3.2 percent, rice by 2.1 percent, vegetables by 1.4 percent, fruits, and nuts by 0.5 percent.

Prices for pharmaceutical products increased by 6.6 percent, paper by 4.8 percent, textiles by 1 percent, leather raw materials by 0.9 percent, construction materials by 0.8 percent, machinery, equipment, and transport units by 0.3 percent, whereas prices of timber were lower by 1.7 percent, of footwear by 0.3 percent.

In turn, the export prices decreased by 11.6 percent compared to Dec. 2019, and by 3.3 percent compared to Sept. 2020. Thus, export prices for oil decreased by 5.9 percent, lead by 2.1 percent, ferroalloys by 1 percent, coal by 0.7 percent.

A decrease in prices was recorded on wool by 0.4 percent, their increase for flour by 2.2 percent, wheat, rice by 0.3 percent each.

An increase in prices was also observed for iron ores by 29.3 percent, copper by 3.5 percent, zinc by 2.4 percent, rolled ferrous metals by 2.9 percent.

The total volume of Kazakhstan’s trade turnover amounted to $70.4 billion over the period from January through Oct. 2020 which indicates a decrease from $81.1 billion during the same period of 2019.

Kazakhstan’s export amounted to $39.2 billion during the reporting period of 2020 ($48.1 billion in the same period of 2019), whereas imports amounted to $31.2 billion ($32.9 billion in 2019).


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