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Kazakhstan boosts mutual trade with Germany amid COVID-19

Business Materials 25 February 2021 12:01
Kazakhstan boosts mutual trade with Germany amid COVID-19

BAKU, Azerbaijan, Feb. 25

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and Germany amounted to $2.04 billion in 2020, compared to $1.7 billion during 2019, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of Germany in the total value of Kazakhstan’s trade turnover stood at 2.4 percent during the reporting period, compared to 1.8 percent during the same period of 2019.

Kazakhstan’s export to Germany amounted to $247.6 million over the period from January through Dec. 2020, compared to $297.3 million during the same period of 2019.

Germany’s share in the total volume of Kazakhstan’s export amounted to 0.52 percent during the reporting period of 2020, compared to 0.51 percent during the same period of 2019.

In turn, Kazakhstan’s imports from Germany amounted to nearly $1.8 billion over the reporting period, compared to $1.4 billion during the same period of 2019.

Germany’s share in the total volume of Kazakhstan’s imports amounted to 4.7 percent during the reporting period of 2020 compared to 3.8 percent during the same period of 2019.

The total volume of Kazakhstan’s trade turnover amounted to $85.03 billion over the period from January through Dec. 2020 which indicates a decrease from $97.7 billion during the same period of 2019.

Kazakhstan’s export amounted to $46.9 billion during the reporting period of 2020 ($58.06 billion in the same period of 2019), whereas imports amounted to $38.08 billion ($39.7 billion in 2019).

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

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