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Kazakhstan, Hungary trade surges year-over-year

Business Materials 1 April 2021 14:59 (UTC +04:00)
Kazakhstan, Hungary trade surges year-over-year

BAKU, Azerbaijan, Apr. 1

By Nargiz Sadikhova - Trend:

The value of trade turnover between Kazakhstan and Hungary amounted to $6.7 million in January 2021, compared to $5.1 million during the same period of 2020, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of Hungary in the total value of Kazakhstan’s trade turnover stood at 0.11 percent during the reporting period, compared to 0.07 percent during the same period of 2020.

Kazakhstan’s export to Hungary amounted to $122,810 in January 2021, compared to $737,690 during the same period of 2020.

Hungary’s share in the total volume of Kazakhstan’s export amounted to less than 0.01 percent during the reporting period of 2021, compared to 0.1 percent during the same period of 2020.

In turn, Kazakhstan’s imports from Hungary amounted to nearly $6.5 million over the reporting period, compared to $4.4 million during the same period of 2020.

Hungary’s share in the total volume of Kazakhstan’s imports amounted to 0.27 percent during the reporting period of 2021, compared to 0.17 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 Hungary's trade turnover were food products, agricultural products, as well as products of the chemical industry.

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