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Kazakhstan unveils its trade structure with EAEU countries for 1Q2021

Business Materials 16 May 2021 16:36 (UTC +04:00)
Kazakhstan unveils its trade structure with EAEU countries for 1Q2021

BAKU, Azerbaijan, May 16

By Nargiz Sadikhova - Trend:

The value of mutual trade between Kazakhstan and other countries of the Eurasian Economic Union (EAEU) amounted to $5.1 billion from Jan. through Mar. 2021, which is 13.2 percent more compared to the same period of 2020, Trend reports with reference to the data of Kazakhstan’s Statistics Committee.

Some $1.5 billion of the figure account for export (increase of 16.8 percent), whereas $3.6 billion accounts for import (increase of 11.8 percent).

Russia leads by the value of trade turnover with Kazakhstan in the structure of total trade turnover with EAEU countries (92.9 percent in the total share). Some 3.6 percent account for Kyrgyzstan and 3.4 percent account for Belarus.

Some 11.1 percent of the import volume accounts for mineral products, 24.9 percent of the total import machinery, equipment, vehicles, and tools category, while 14.9 percent accounts for metals and metal goods, 20.2 percent accounts for products of chemical and related industries.

Furthermore, 15 percent of the import account for products of animal and vegetable origin, including prepared food items. Lastly, 13.9 percent account for other imports.

In turn, a major part of the export structure (38.7 percent) accounts for mineral products. Furthermore, 31.1 percent account for metals and articles of them, 11.3 percent account for products of chemical and related industries, 10.4 percent account for products of animal and vegetable origin, including prepared food items, 6.9 percent account for machinery, equipment, vehicles, and tools, and 1.6 percent account for other goods and products.

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