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Kazakhstan twofold decreases exports to China amid COVID-19

Business Materials 24 March 2021 11:30 (UTC +04:00)
Kazakhstan twofold decreases exports to China amid COVID-19

BAKU, Azerbaijan, Mar. 24

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and China amounted to $900.4 million in January 2021, compared to $1.4 billion during the same period of 2020, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of China in the total value of Kazakhstan’s trade turnover stood at 15.9 percent during the reporting period, compared to 20.9 percent during the same period of 2020.

Kazakhstan’s export to China amounted to $419.5 million in January 2021, compared to $888.5 million during the same period of 2020.

China’s share in the total volume of Kazakhstan’s export amounted to 12.9 percent during the reporting period of 2021, compared to 19.6 percent during the same period of 2020.

In turn, Kazakhstan’s imports from China amounted to nearly $480.8 million over the reporting period, compared to $586.9 million during the same period of 2020.

China’s share in the total volume of Kazakhstan’s imports amounted to 19.8 percent during the reporting period of 2021, compared to 23.2 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 China's trade turnover were food products, agricultural products, as well as products of the chemical industry.

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