ASTANA, Kazakhstan, November 3. The volume of trade turnover between Kazakhstan and Türkiye varied from $1.5 to $4 billion in the period from 2010 through 2021, a significant share of which was accounted for by exports from Kazakhstan, Trend reports.
According to data from Kazakhstan's Ministry of National Economy, the nations' mutual commerce reached a new high of $6.3 billion in 2022.
Türkiye is one of Kazakhstan's most important trading partners, ranking fourth in trade turnover in 2022 (4.5 percent share).
The commercial turnover between Kazakhstan and Türkiye was $3.9 billion from January to August 2023.
From January to August 2023, Kazakhstan's exports to Türkiye totaled $2.6 billion. Copper exports have increased by 74.2 percent to $640 million, lead exports have increased threefold to $53 million, and wheat exports have increased by 75 percent to $51 million.
Imports to Kazakhstan from Türkiye from January through August 2023 increased by 51 percent and amounted to $1.4 billion.
The growth of imports from Türkiye is associated with an increase in the import of such goods as: car bodies - from $3 to $67 million, women's clothing - an increase from $37 to $59 million, T-shirts and sweatshirts - from $28 to $43 million, internal combustion engines - growth from 0 to $26 million dollars.
Kazakhstan’s foreign trade turnover in 2022 reached a historically high level of $134.4 billion. The trade surplus amounted to $34.3 billion, which is 82 percent better than in 2021 and four times more than in 2020.
Export volumes amounted to $84.4 billion. By 2021, foreign sales volumes had increased by 40 percent, and by 2020, they had increased by 78 percent. Import volumes to Kazakhstan reached $50 billion for the first time, updating the 2013 record ($48.8 billion).