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Kazakhstan decreases trade with Russia year-on-year

Business Materials 14 March 2021 05:11 (UTC +04:00)
Kazakhstan decreases trade with Russia year-on-year

BAKU, Azerbaijan, Mar. 14

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and Russia amounted to $1.2 billion in January 2021, compared to $1.3 billion during the same period of 2020, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of Russia in the total value of Kazakhstan’s trade turnover stood at 21.3 percent during the reporting period, compared to 19.1 percent during the same period of 2020.

Kazakhstan’s export to Russia amounted to $382.9 million in January 2021, compared to $399.8 million during the same period of 2020.

Russia’s share in the total volume of Kazakhstan’s export amounted to 11.8 percent during the reporting period of 2021, compared to 8.8 percent during the same period of 2020.

In turn, Kazakhstan’s imports from Russia amounted to nearly $825.4 million over the reporting period, compared to $951.3 million during the same period of 2020.

Russia’s share in the total volume of Kazakhstan’s imports amounted to 34 percent during the reporting period of 2021, compared to 37.5 percent during the same period of 2020.

The total volume of Kazakhstan’s trade turnover amounted to $5.6 billion in January 2020 which indicates a decrease from $7.06 billion during the same period of 2020.

Kazakhstan’s export amounted to $3.2 billion during the reporting period of 2021 ($4.5 billion in the same period of 2020), whereas imports amounted to $2.4 billion ($2.5 billion in 2020).

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

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