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Kazakhstan unveils trade dynamics with EAEU states

Business Materials 23 March 2022 15:45 (UTC +04:00)
Kazakhstan unveils trade dynamics with EAEU states
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, March 23. The value of mutual trade between Kazakhstan and other countries of the Eurasian Economic Union (EAEU) amounted to $1.7 billion in January 2022, which is 29 percent more compared to the same period of 2021, Trend reports with reference to the data of Kazakhstan’s Statistics Committee.

Some $592.4 million of the figure account for export (an increase of 34.4 percent), whereas $1.1 billion accounts for import (an increase of 26.3 percent).

Russia leads by the value of trade turnover with Kazakhstan in the structure of total trade turnover with EAEU countries (93.8 percent in the total share). Some 3.5 percent account for Kyrgyzstan and 2.7 percent account for Belarus.

Some 14.8 percent of the import volume accounts for mineral products, 21.4 percent of the total import machinery, equipment, vehicles, and tools category, while 18.3 percent accounts for metals and metal goods, 13.8 percent accounts for products of chemical and related industries.

Furthermore, 19 percent of the import account for products of animal and vegetable origin, including prepared food items. Lastly, 12.7 percent account for other imports.

In turn, a major part of the export structure (35.4 percent) accounts for mineral products.

Furthermore, 40 percent account for metals and articles of them, 9.2 percent account for products of chemical and related industries, 7.3 percent account for products of animal and vegetable origin, including prepared food items, 6.6 percent account for machinery, equipment, vehicles, and tools, and 1.5 percent account for other goods and products.

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