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Kazakhstan's exports to Germany increase

Business Materials 11 October 2022 14:22 (UTC +04:00)
Kazakhstan's exports to Germany increase
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, October 11. The value of trade turnover between Kazakhstan and Germany amounted to $1.26 billion over the period from January through July 2022, compared to $1.22 billion during the same months of 2021, Trend reports with reference to Kazakhstan’s Statistics Committee.

The share of Germany in the total value of Kazakhstan’s trade turnover stood at 1.7 percent during the reporting period, compared to 2.3 percent during the same period of 2021.

Kazakhstan’s exports to Germany amounted to $340.09 million over the period from January through July 2022, compared to $205.3 million during the same period of 2021.

Germany’s share in the total volume of Kazakhstan’s exports amounted to 0.7 percent during the reporting period of 2022, compared to 0.6 percent during the same period of 2021.

In turn, Kazakhstan’s imports from Germany amounted to nearly $929.4 million over the reporting period, compared to $1.02 billion during the same period of 2021.

Germany’s share in the total volume of Kazakhstan’s imports amounted to 3.7 percent during the reporting period of 2022, compared to 4.5 percent during the same period of 2021.

Kazakhstan’s foreign trade turnover amounted to $74.2 billion over the period from January through July 2022, which indicates an increase of 36.9 percent as compared to $54.2 billion during the same period last year.

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