BAKU, Azerbaijan, September 21. The volume of Slovenian investments in Kazakhstan amounted to 14.5 million euros by the end of 2022, the government of the Republic of Slovenia told Trend.
"Kazakhstan is an important Slovenian trade partner in Central Asia. In accordance with the data of the Statistical Office of the Republic of Slovenia, in 2022, trade in goods between the two countries increased by 34 percent to 85.3 million euros. Slovenian exports amounted to 78.9 million euros (+55 percent; pharmaceutical products traditionally prevails), imports amounted to 6.4 million euros (-50 percent)," the government said.
As the government noted, the positive trend continues in 2023.
"In six months 2023, trade in goods increased by 171 percent to 96.5 million euros. Slovenian exports amounted to 91.9 million euros (+81 percent), and imports amounted to 4.6 million euros (+54 percent). The exchange of services between Slovenia and Kazakhstan reached 12.1 million euros in 2022 (+8 percent)," the government said.
The government stated that the Slovenian side has a strong interest in enhancing economic relations with the countries of Central Asia.
"To this end, we would like to emphasize the role of the Joint Slovenian-Kazakh Commission on Economic Cooperation, the main task of which is to identify business opportunities and to build contacts between companies and authorities. The next meeting of the commission will be held in Slovenia," the government added.
Kazakhstan’s foreign trade turnover in 2022 increased to $134.4 billion and exceeded the pre-pandemic level. The trade surplus was $34.3 billion. The export volume reached $84.4 billion. Predictably, oil and metals became the main growth points. Revenues from oil sales by 2022 increased by 51 percent to $46.9 billion (56 percent of total exports), copper by 15 percent to $3.7 billion, ferroalloys by 51 percent to $3.4 billion, uranium by 95 percent to $3.4 billion, and copper ores by 51 percent to $2.4 billion. Also, high growth rates were shown by the supply of wheat (+37 percent), petroleum products (+73 percent), coal (2.4 times), zinc (+43 percent), sulfur (+91 percent), etc.