Kazakhstan's trade with EAEU countries growing

Business 17 January 2022 13:42 (UTC +04:00)
Kazakhstan's trade with EAEU countries growing

BAKU, Azerbaijan, Jan. 17


Kazakhstan’s trade with the countries of the Eurasian Economic Union (EAEU) grew in the first 11 months of last year, Trend reports via Committee on Statistics of Ministry of National Economy of the Republic of Kazakhstan.

According to the committee, this figure amounted to $23.4 billion, up by 28.3 percent compared to the first 11 months of 2020 ($18.2 billion).

The total value of Kazakhstan’s exports to the EAEU countries from January through November last year made up $6.9 billion (against $5.1 billion in the same period of 2020), while imports - $16.5 billion (compared to $13.1 billion in 11M2020).

During the reporting period, the bilateral trade between Kazakhstan and Russia amounted to $21.7 billion, which is growth of $16.7 billion (29.6 percent) on annual basis.

The share of Russia in the total trade of Kazakhstan increased to 23.8 percent (against 21.2 percent in 11M2020).

Kazakh export to Russia stood at $6.2 billion, which is $4.5 billion (38.4 percent) more than from January through November 2020, while import from Russia was $15.4 billion, thus growing by 26.3 percent compared to $12.2 billion in the same period of the previous year.

Kazakhstan’s trade with Kyrgyzstan increased from $775.8 million (recorded in 11M2020) to $874.4 million over the same period of 2021. The export to Kyrgyzstan was $568.2 million over the reporting period of 2021, increasing from $524.4 million over 11M2020. The import amounted to $306.1 million, which is compared to $251.3 million over 11M2020.

Trade with Belarus stood at $778 million, up compared to $673.8 million from January through November 2020. Export stood at $90.9 million (against $70.6 million over 11M2020), whereas import slightly exceeded $687 million (compared to $603.2 million over 11M2020).