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Sweden boosts heating equipment export to Kazakhstan, despite trade decrease

Business Materials 8 January 2021 16:32 (UTC +04:00)
Sweden boosts heating equipment export to Kazakhstan, despite trade decrease

BAKU, Azerbaijan, Jan. 8

By Nargiz Sadikhova - Trend:

Sweden has exported 676 million Swedish krona ($82.2 million) were to Kazakhstan over the period from Jan, through Sept. 2020, which indicates an annual decrease of 9.4 percent as compared to 746 million ($90.7 million) during the same period of 2019, Sweden’s National Board of Trade told Trend.

The board said that 84 percent of the exported goods accounted for manufactured products. In turn, the largest share of the manufactured products exported from Sweden to Kazakhstan were pumps, compressors, fans and centrifuges (6.3 percent in the total volume of export during the reporting period of 2020). The value of Sweden-produced pumps, compressors, fans and centrifuges exported to Kazakhstan was 43 million Swedish krona ($5.2 million), which is 46 percent less than during the same period of 2019.

The second and third most exported Swedish-made goods to Kazakhstan were heating and cooling equipment and parts thereof (5.9 percent of the total export share to Kazakhstan), and chemicals and related products 95.9 percent).

Thus, Sweden has exported heating and cooling equipment and parts thereof worth 40 million Swedish krona ($4.8 million) during the reporting period of 2020 to Kazakhstan, which is 9.1 times more than during the same period of 2019.

In turn, chemicals and related products export from Sweden to Kazakhstan also amounted to 40 million Swedish krona ($4.8 million), which however is 2.5 percent less year-on-year as compared to 41 million Swedish krona over the same period of 2019 ($4.9 million).

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